XML 28 R39.htm IDEA: XBRL DOCUMENT v3.19.3
Long-term Debt (Details) - USD ($)
6 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Jul. 23, 2019
Mar. 31, 2019
Mar. 31, 2015
Debt obligations            
Total debt obligations     $ 678,112,410   $ 710,096,616  
Less: deferred financing fees $ 14,005,830   12,566,911   14,005,830  
Total     665,545,499   696,090,786  
Presented as follows:            
Current portion of long-term debt     63,968,414   63,968,414  
Long-term debt—net of current portion and deferred financing fees     601,577,085   632,122,372  
Total     665,545,499   696,090,786  
Deferred financing fees            
Deferred finance fees, beginning 14,005,830          
Additions 40,547          
Amortization (1,479,466) $ (1,597,214)        
Deferred finance fees, end $ 12,566,911          
Japanese Financings            
Debt obligations            
Total debt obligations     206,509,102   213,476,121  
Corsair Japanese Financing            
Debt obligations            
Total debt obligations     45,770,833   47,395,833  
Concorde Japanese Financing            
Debt obligations            
Total debt obligations     50,346,154   51,961,538  
Corvette Japanese Financing            
Debt obligations            
Total debt obligations     50,884,615   52,500,000  
CJNP Japanese Financing            
Debt obligations            
Total debt obligations     19,782,500   20,506,250  
CMNL Japanese Financing            
Debt obligations            
Total debt obligations     18,761,310   19,446,131  
CNML Japanese Financing            
Debt obligations            
Total debt obligations     20,963,690   21,666,369  
2015 Debt Facility            
Long-Term Debt            
Original loan amount           $ 758,000,000
Minimum interest coverage ratio for following 9 month period (as a percent)       200.00%    
Minimum interest coverage ratio for thereafter (as a percent)       250.00%    
Minimum consolidated liquidity if interest coverage ratio of consolidated EBTDA is less than required       $ 47,500,000    
Debt obligations            
Total debt obligations     471,603,308   496,620,495  
Commercial Financing            
Debt obligations            
Total debt obligations     169,536,806   175,687,613  
KEXIM Direct Financing            
Debt obligations            
Total debt obligations     118,288,136   125,860,144  
KEXIM Guaranteed            
Debt obligations            
Total debt obligations     122,875,819   130,366,568  
K-sure Insured            
Debt obligations            
Total debt obligations     $ 60,902,547   $ 64,706,170