LONG-TERM DEBT (Tables)

3 Months Ended

Mar. 31, 2018

LONG-TERM DEBT

Schedule of long-term debt

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

			December 31,
	March 31,		2017
	2018		(Restated)
Refinancing Facility	$	178,504	$	188,312
Korean Export Credit Facility		647,931		662,312
Senior Notes		199,538		194,339
Sinosure Credit Facility		310,968		316,863
Total		1,336,941		1,361,826
Less: current portion of long-term debt		(1,137,403)		(1,167,487)
Less: unamortized discount and debt financing costs		(3,456)		(3,780)
Long-term debt less unamortized discount and debt financing costs	$	196,082	$	190,559

Schedule of Interest expense, net

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

	Three Months Ended March 31,
	2018		2017
Refinancing Facility (1)	$	(2,420)	$	(4,344)
Korean Export Credit Facility (1)		(6,510)		(6,108)
Senior Notes		(5,522)		(4,918)
Sinosure Credit Facility (1)		(3,225)		(2,790)
Amortization of deferred financing costs and other		(2,695)		(3,173)
Capitalized interest		—		1,406
Commitment fees		—		(275)
Interest rate swaps		1,190		—
Interest income		510		151
Interest expense, net	$	(18,672)	$	(20,051)

(1) Amounts include interest rate swaps settlements.