LONG-TERM DEBT (Tables)

6 Months Ended

Jun. 30, 2017

LONG-TERM DEBT.

Schedule of long-term debt

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

	June 30,		December 31,
	2017		2016
Refinancing Facility	$	319,397	$	408,337
Korean Export Credit Facility		744,034		658,568
Senior Notes		184,129		174,604
Amended Sinosure Credit Facility		328,652		340,442
Total		1,576,212		1,581,951
Less: current portion of long-term debt		(160,446)		(181,023)
Less: unamortized discount and debt financing costs		(58,076)		(63,146)
Long-term debt less unamortized discount and debt issuance cost	$	1,357,690	$	1,337,782

Schedule of Interest expense, net

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

	Three Months Ended June 30,				Six Months Ended June 30,
	2017		2016		2017		2016
Refinancing Facility (1)	$	(4,194)	$	(5,559)	$	(8,538)	$	(11,325)
Korean Export Credit Facility (1)		(7,140)		(2,458)		(13,248)		(4,182)
Senior Notes		(5,117)		(4,689)		(10,035)		(8,985)
Amended Sinosure Credit Facility (1) (2)		(2,868)		(1,504)		(5,658)		(2,379)
Amortization of deferred financing costs and other		(3,150)		(2,563)		(6,323)		(5,136)
Capitalized interest		845		7,763		2,251		17,610
Commitment fees		(175)		(1,379)		(450)		(3,312)
Interest rate swap modification		1,074		—		1,074		—
Interest income		278		28		429		53
Interest expense, net	$	(20,447)	$	(10,361)	$	(40,498)	$	(17,656)

(1) Amounts include interest rate swaps settlements.

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