LONG-TERM DEBT (Tables)

9 Months Ended

Sep. 30, 2017

LONG-TERM DEBT.

Schedule of long-term debt

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

	September 30,		December 31,
	2017		2016
Refinancing Facility	$	273,081	$	408,337
Korean Export Credit Facility		627,893		658,568
Senior Notes		189,164		174,604
Sinosure Credit Facility		322,758		340,442
Total		1,412,896		1,581,951
Less: current portion of long-term debt		(138,297)		(181,023)
Less: unamortized discount and debt financing costs		(52,356)		(63,146)
Long-term debt less unamortized discount and debt financing costs	$	1,222,243	$	1,337,782

Schedule of Interest expense, net

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017		2016		2017		2016
Refinancing Facility (1)	$	(3,760)	$	(5,355)	$	(12,298)	$	(16,680)
Korean Export Credit Facility (1)		(7,041)		(3,802)		(20,289)		(7,984)
Senior Notes		(5,326)		(4,744)		(15,361)		(13,729)
Sinosure Credit Facility (1)		(3,210)		(2,309)		(8,868)		(4,688)
Amortization of deferred financing costs and other		(5,597)		(2,945)		(11,920)		(8,081)
Capitalized interest		912		6,680		3,163		24,290
Commitment fees		(174)		(1,235)		(624)		(4,547)
Interest rate swaps		1,286		—		2,360		—
Interest income		368		11		797		64
Interest expense, net	$	(22,542)	$	(13,699)	$	(63,040)	$	(31,355)

(1) Amounts include interest rate swaps settlements.