Long-Term Debt (Tables)

6 Months Ended

Sep. 30, 2017

Long-Term Debt

Schedule of loans outstanding

RBS Loan Facility	September 30, 2017		March 31, 2017
Tranche A	$	—	$	34,000,000
Tranche B		—		25,570,000
Tranche C		—		40,312,500
Total RBS Loan Facility	$	—	$	99,882,500
2017 Bridge Loan	$	97,000,000	$	—
2015 Debt Facility
Commercial Financing	$	218,234,703	$	227,512,277
KEXIM Direct Financing		166,785,582		177,680,534
KEXIM Guaranteed		171,570,650		175,773,718
K-sure Insured		85,445,900		89,253,699
Total 2015 Debt Facility	$	642,036,835	$	670,220,228
Total debt obligations	$	739,036,835	$	770,102,728
Less: deferred financing fees		20,252,692		20,138,480
Debt obligations—net of deferred financing fees	$	718,784,143	$	749,964,248
Presented as follows:
Current portion of long-term debt	$	126,286,358	$	65,978,785
Long-term debt—net of current portion and deferred financing fees		592,497,785		683,985,463
Total	$	718,784,143	$	749,964,248

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2017	$	20,138,480
Additions		2,839,383
Amortization		(2,898,375)
Gain on early extinguishment of debt		173,204
Balance, September 30, 2017	$	20,252,692