LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2017

LONG-TERM DEBT

Schedule of long-term debt

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

	December 31,		December 31,
	2017		2016
Refinancing Facility	$	188,312	$	408,337
Korean Export Credit Facility		662,312		658,568
Senior Notes		194,339		174,604
Sinosure Credit Facility		316,863		340,442
Total		1,361,826		1,581,951
Less: current portion of long-term debt		(1,167,487)		(181,023)
Long-term debt	$	194,339	$	1,400,928

Schedule of Interest expense, net

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

	For the Years Ended December 31,
	2017		2016		2015
Refinancing Facility (1)	$	(15,197)	$	(21,561)	$	(7,564)
Korean Export Credit Facility (1)		(27,046)		(13,224)		(922)
Senior Notes		(20,845)		(18,612)		(16,529)
Sinosure Credit Facility (1)		(12,230)		(7,444)		(19)
Fully repaid credit facilities		—		—		(20,046)
Amortization of deferred financing costs and other		(14,856)		(11,295)		(3,434)
Capitalized interest		3,163		27,602		35,170
Commitment fees		(629)		(5,201)		(2,713)
Interest rate swaps		3,607		—		—
Interest income		1,269		108		75
Interest expense, net	$	(82,764)	$	(49,627)	$	(15,982)

(1) Amounts include interest rate swaps settlements.