Long-Term Debt (Tables)

9 Months Ended

Dec. 31, 2017

Long-Term Debt

Schedule of loans outstanding

RBS Loan Facility	December 31, 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	$	66,940,405	$	—
Corsair Japanese Financing	$	51,458,333	$	—
2015 Debt Facility
Commercial Financing	$	214,769,820	$	227,512,277
KEXIM Direct Financing		162,520,518		177,680,534
KEXIM Guaranteed		167,351,357		175,773,718
K-sure Insured		83,303,444		89,253,699
Total 2015 Debt Facility	$	627,945,139	$	670,220,228
Total debt obligations	$	746,343,877	$	770,102,728
Less: deferred financing fees		18,880,750		20,138,480
Debt obligations—net of deferred financing fees	$	727,463,127	$	749,964,248
Presented as follows:
Current portion of long-term debt	$	126,557,191	$	65,978,785
Long-term debt—net of current portion and deferred financing fees		600,905,936		683,985,463
Total	$	727,463,127	$	749,964,248

Schedule of deferred financing fees

	Financing
	costs
Balance, April 1, 2017	$	20,138,480
Additions		3,154,659
Amortization		(4,585,593)
Gain on early extinguishment of debt		173,204
Balance, December 31, 2017	$	18,880,750