Long-term debt, net | 7. Long-term debt, net Long-term debt consists of the following credit facilities, sale and lease back agreements and unsecured bonds: Long-term debt, net - Bank Loans (Table) As of June 30, 2023 As of December 31, 2022 Rate of interest Credit facilities (i) Issued in January 2021 maturing in February 2026 (the “CMTC Seller’s Credit”) $ 6,000 $ 6,000 Fixed rate (ii) Assumed in December 2021 maturing in December 2027 (the “2021 credit facility”) 105,957 110,827 Margin + Secured Overnight Financing Rate (“SOFR”) (iii) Issued in October 2022 maturing in October 2028 (the “2022 credit facility”) 102,340 105,000 Margin + SOFR (iv) Issued in June 2023 maturing in June 2031 (the “2023 credit facility”) 100,000 – Margin + SOFR Sale and lease back agreements (v) Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”) 28,100 29,700 Margin + Libor (vi) Issued in January 2020 maturing in January 2025 (the “2020 CMBFL”) 28,100 29,700 Margin + Libor (vii) Issued in May 2020 maturing in May 2027 (the “ICBCFL”) 40,164 41,996 Margin + Libor (viii) Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”) – 8,083 Margin + Libor (ix) Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”) – 8,083 Margin + Libor (x) Issued in January 2021 fully repaid in March 2023 (the “2021 CMBFL - Panamax”) – 8,083 Margin + Libor (xi) Assumed in September 2021 maturing in October 2027 (the “2021 Bocomm”) 132,684 138,888 Margin + Libor (xii) Assumed in September 2021 maturing in May 2028 (the “2021 Bocomm”) 125,953 132,217 Margin + Libor (xiii) Assumed in November 2021 maturing in August 2028 (the “2021 CMBFL - LNG/C”) 135,028 139,183 Margin + Libor (xiv) Assumed in November 2021 maturing in September 2028 (the “2021 CMBFL - LNG/C”) 133,950 138,072 Margin + Libor (xv) Assumed in November 2021 maturing in July 2036 (the “2021 Shin Doun”) 133,823 136,778 Fixed rate (xvi) Issued in December 2022 maturing in January 2031 (the “2022 Jolco”) 106,212 – ($73,812: Margin + SOFR, $32,400: Fixed rate) (xvii) Issued in February 2023 maturing in February 2033 (the “2023 CMBFL - LNG/C”) 181,812 – Margin + SOFR Unsecured Bonds (xviii) Issued in October 2021 maturing in October 2026 (the “2021 Bonds”) 162,955 159,966 Fixed rate (xix) Issued in July 2022 maturing in July 2029 (the “2022 Bonds”) 108,637 106,644 Fixed rate Total long-term debt 1,631,715 1,299,220 Less: Deferred loan and financing arrangements issuance costs 12,293 10,142 Total long-term debt, net 1,619,422 1,289,078 Less: Current portion of long-term debt 87,804 75,438 Add: Current portion of deferred loan and financing arrangements issuance costs 2,576 2,225 Long-term debt, net $ 1,534,194 $ 1,215,865 7. Long-term debt, net – continued Details of the Partnership’s credit facilities, financing arrangements and unsecured bonds are discussed in Note 7 of the Partnership’s Consolidated Financial Statements for the year ended December 31, 2022. On June 13, 2023, the Partnership entered into a new credit facility, the “2023 credit facility”, of up to $ 100,000 for the purpose of partially financing the acquisition of the shares of the company owning the M/V Buenaventura Express eight years On March 14, 2023, the Partnership fully repaid the 2021 CMBFL - Panamax sale and lease back agreements, with original maturity in February 2026, amounting to $ 23,423 On February 7, 2023, the Partnership entered into a new sale and lease back agreement, the “2023 CMBFL - LNG/C”, of up to $ 184,000 for the purpose of partially financing the acquisition of the shares of the company owning the LNG/C Asterix I 10 years On December 23, 2022, the Partnership entered into a new sale and lease back agreement, the “2022 Jolco”, of up to $ 108,000 for the purpose of partially financing the acquisition of the shares of the company owning the M/V Itajai Express eight years During the six-month period ended June 30, 2023, the Partnership repaid the amount of $ 41,064 As of June 30, 2023, and December 31, 2022, the Partnership was in compliance with all financial debt covenants. As of June 30, 2023, there were no undrawn amounts under the Partnership’s credit facilities and financing arrangements. For the six-month periods ended June 30, 2023, and 2022 interest expense amounted to $ 47,563 20,894 6.2% 3.4% |