LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2016

LONG-TERM DEBT.

Schedule of long-term debt

Long‑term debt consists of the following (dollars in thousands):

	December 31,		December 31,
	2016		2015
Refinancing Facility	$	408,337	$	551,950
Korean Export Credit Facility		658,568		185,389
Senior Notes		174,604		156,829
Amended Sinosure Credit Facility		340,442		62,886
Total		1,581,951		957,054
Less: current portion of long-term debt		(181,023)		(135,367)
Less: unamortized discount and debt financing costs		(63,146)		(48,964)
Long-term debt less unamortized discount and debt issuance cost	$	1,337,782	$	772,723

Schedule of Interest expense, net

Interest expense, net consists of the following (amounts in thousands):

	For the Years Ended December 31,
	2016		2015		2014
Refinancing Facility (1)	$	(21,561)	$	(7,564)	$	—
Korean Export Credit Facility (1)		(13,224)		(922)		—
Senior Notes		(18,612)		(16,529)		(9,554)
Amended Sinosure Credit Facility (1)		(7,444)		(19)		—
Fully repaid credit facilities		—		(20,046)		(28,436)
Amortization of deferred financing costs		(11,295)		(3,434)		(908)
Capitalized interest		27,602		35,170		8,958
Commitment fees		(5,201)		(2,713)		—
Interest income		108		75		91
Interest expense, net	$	(49,627)	$	(15,982)	$	(29,849)

(1) Amounts include interest rate swaps settlements.