7. Long-term Debt

RBS Loan Facility – refer to Note 11 of the consolidated financial statements included in our 2015 Annual Report on Form 10-K for the year ended March 31, 2015.

2015 Debt Facility – refer to Note 11 of the consolidated financial statements included in our 2015 Annual Report on Form 10-K for the year ended March 31, 2015 for additional information related to the 2015 Debt Facility. In June 2015, we made drawdowns under the 2015 Debt Facility of $127.4 million, including $1.8 million of fees, which was secured by the Cougar, the Concorde and the Cobra and was divided into the four separate tranches. As of June 30, 2015, $549.4 million was available to be drawn under the facility.

Debt Obligations

The table below presents our debt obligations:

RBS Loan Facility	June 30, 2015	March 31, 2015
Tranche A	40,800,000	40,800,000
Tranche B	29,405,500	30,684,000
Tranche C	47,622,500	47,622,500
Total	117,828,000	119,106,500

2015 Debt Facility
Commercial Financing	68,173,145	26,695,381
KEXIM Direct Financing	55,748,119	21,890,212
KEXIM Guaranteed	55,149,845	21,655,293
K-sure Insured	28,003,776	10,996,041
Total	207,074,885	81,236,927
Total debt obligations	324,902,885	200,343,427

Presented as follows:
Current portion of long‑term debt	25,325,629	15,677,553
Long‑term debt—net of current portion	299,577,256	184,665,874
Total	324,902,885	200,343,427