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. During the nine months ended December 31, 2015, we made drawdowns of $634.6 million, including $9.0 million to pay lender fees, under the 2015 Debt Facility, which was secured by fifteen newbuilding vessels delivered during that period and was comprised of four separate tranches. As of December 31, 2015, $42.2 million was available to be drawn under the facility on delivery of our final newbuilding.

Debt Obligations

The table below presents our debt obligations:


RBS secured bank debt	December 31, 2015		March 31, 2015
Tranche A	$	39,100,000	$	40,800,000
Tranche B		28,127,000		30,684,000
Tranche C		45,795,000		47,622,500
Total	$	113,022,000	$	119,106,500

2015 Debt Facility
Commercial Financing	$	231,599,393	$	26,695,381
KEXIM Direct Financing		188,405,793		21,890,212
KEXIM Guaranteed		186,383,877		21,655,293
K-sure Insured		94,641,285		10,996,041
Total		701,030,348		81,236,927
Total debt obligations	$	814,052,348	$	200,343,427

Presented as follows:
Current portion of long-term debt	$	65,708,060	$	15,677,553
Long-term debt—net of current portion		748,344,288		184,665,874
Total	$	814,052,348	$	200,343,427