XML 99 R80.htm IDEA: XBRL DOCUMENT v3.7.0.1
Subsequent Events (Details)
1 Months Ended
Jun. 08, 2017
USD ($)
item
Jun. 30, 2017
May 31, 2017
USD ($)
item
Mar. 31, 2017
USD ($)
Mar. 31, 2015
USD ($)
Mar. 31, 2014
USD ($)
2015 Debt Facility            
Subsequent Events            
Minimum interest coverage ratio for following 12 month period (as a percent)       100.00%    
Minimum interest coverage ratio for following subsequent year (as a percent)       150.00%    
Minimum interest coverage ratio for thereafter (as a percent)       250.00%    
Original loan amount         $ 758,000,000  
Maximum consolidated net debt to consolidated total capitalization ratio (as a percent)       60.00%    
Minimum stockholder's equity balance       $ 400,000,000    
Percent of any new equity raised after closing date (as a percent)       50.00%    
Percent of positive net income for the immediately preceding financial year (as a percent)       25.00%    
Current assets and long-term restricted cash divided by current liabilities ratio (as a percent)       100.00%    
2015 Debt Facility | Subsequent events            
Subsequent Events            
Number of debt principal payments with relaxed covenants | item     2      
Minimum cash balance requirement through six months from the Amendment Date     $ 18,000,000      
Minimum cash per mortgaged vessel through six months from the Amendment Date     1,000,000      
Minimum cash balance requirement from six months from the amendment date through first anniversary     29,000,000      
Minimum cash per mortgaged vessel from six months from the Amendment Date through first anniversary     1,600,000      
Minimum cash balance requirement from first anniversary through thereafter     40,000,000      
Minimum cash per mortgaged vessel from first anniversary through thereafter     2,200,000      
Minimum stock offering for recalculation of restricted cash covenants     $ 50,000,000      
Percent of principal debt outstanding for recalculation of restricted cash covenants (as a percent)     5.00%      
Minimum cash balance required to be maintained if common stock offering met required threshold     $ 20,000,000      
Minimum cash per mortgaged vessel if common stock offering met threshold     $ 1,100,000      
Minimum interest coverage ratio for following 12 month period (as a percent)     125.00%      
Minimum interest coverage ratio for following subsequent year (as a percent)     150.00%      
Minimum interest coverage ratio for thereafter (as a percent)     250.00%      
Minimum fair market value of mortgaged ships plus any additional security over the outstanding loan balance through March 31, 2018     125.00%      
Minimum fair market value of mortgaged ships plus any additional security over the outstanding loan balance from April 1, 2018 through March 31, 2019     130.00%      
Minimum fair market value of mortgaged ships plus any additional security over the outstanding loan balance thereafter     135.00%      
Amendment fees     $ 1,100,000      
The amount of restricted cash released     $ 26,800,000      
2017 Bridge Loan | Subsequent events            
Subsequent Events            
Minimum interest coverage ratio for following 12 month period (as a percent) 125.00%          
Minimum interest coverage ratio for thereafter (as a percent) 150.00%          
Original loan amount $ 97,000,000          
The amount of restricted cash released $ 6,000,000          
Number of VLGC secured by loan agreement | item 4          
Minimum consolidated liquidity $ 50,000,000          
Minimum cash and cash equivalents, including restricted cash freely available and unencumbered basis $ 10,000,000          
Maximum consolidated net debt to consolidated total capitalization ratio (as a percent) 0.60%          
Minimum stockholder's equity balance $ 400,000,000          
Percent of any new equity raised after closing date (as a percent) 50.00%          
Percent of positive net income for the immediately preceding financial year (as a percent) 25.00%          
Current assets and long-term restricted cash divided by current liabilities ratio (as a percent) 100.00%          
Minimum aggregate market value to principal amount outstanding ratio (as a percent) 150.00%          
2017 Bridge Loan | June 8, 2018 until Maturity Date | Subsequent events            
Subsequent Events            
Stated rate (as a percent) 8.50%          
2017 Bridge Loan | LIBOR | Period Ending December 7, 2017 | Subsequent events            
Subsequent Events            
Margin added to LIBOR for interest rate on loan facility (as a percent) 2.50%          
2017 Bridge Loan | LIBOR | December 8, 2017 until March 7, 2018 | Subsequent events            
Subsequent Events            
Margin added to LIBOR for interest rate on loan facility (as a percent) 4.50%          
2017 Bridge Loan | LIBOR | March 8, 2018 until June 7, 2018 | Subsequent events            
Subsequent Events            
Margin added to LIBOR for interest rate on loan facility (as a percent) 6.50%          
Royal Bank of Scotland plc (RBS)            
Subsequent Events            
Original loan amount           $ 135,224,500
Debt redemption price (as a percent)   96.00%        
Royal Bank of Scotland plc (RBS) | Subsequent events            
Subsequent Events            
Debt redemption price (as a percent) 96.00%