LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2017

LONG-TERM DEBT.

Schedule of long-term debt

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

	March 31,		December 31,
	2017		2016
Refinancing Facility	$	362,807	$	408,337
Korean Export Credit Facility		758,699		658,568
Senior Notes		179,276		174,604
Amended Sinosure Credit Facility		334,547		340,442
Total		1,635,329		1,581,951
Less: current portion of long-term debt		(172,139)		(181,023)
Less: unamortized discount and debt financing costs		(61,328)		(63,146)
Long-term debt less unamortized discount and debt issuance cost	$	1,401,862	$	1,337,782

Schedule of Interest expense, net

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

	Three Months Ended March 31,
	2017		2016
Refinancing Facility (1)	$	(4,344)	$	(5,766)
Korean Export Credit Facility (1)		(6,108)		(1,724)
Senior Notes		(4,918)		(4,296)
Amended Sinosure Credit Facility (1) (2)		(2,790)		(875)
Amortization of deferred financing costs and other		(3,173)		(2,573)
Capitalized interest		1,406		9,847
Commitment fees		(275)		(1,933)
Interest income		151		25
Interest expense, net	$	(20,051)	$	(7,295)

(1) Amounts include interest rate swaps settlements.

(2) Sinosure Credit Facility was amended on June 29, 2016.