v3.26.1
Long-term Debt (Tables)
3 Months Ended
Jun. 30, 2026
Long-term Debt:  
Schedule of outstanding debt obligations

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June 30, 2026

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March 31, 2026

 

2023 A&R Debt Facility

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$

144,000,000

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$

165,000,000

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Areion Facility

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$

62,900,531

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62,900,531

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BALCAP Facility

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$

47,748,113

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$

49,891,595

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Japanese Financings

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Corsair Japanese Financing

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$

—

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$

24,645,833

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Cresques Japanese Financing

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21,629,588

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22,071,744

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Cratis Japanese Financing

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32,320,000

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33,340,000

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Copernicus Japanese Financing

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32,320,000

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33,340,000

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Chaparral Japanese Financing

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53,891,108

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54,594,492

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Caravelle Japanese Financing

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34,400,000

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35,300,000

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Cougar Japanese Financing

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35,600,000

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36,500,000

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Captain Markos Dual-Fuel Japanese Financing

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47,600,000

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48,230,000

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Total Japanese Financings

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$

257,760,696

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$

288,022,069

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Total debt obligations

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$

512,409,340

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$

565,814,195

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Less: deferred financing fees

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4,865,383

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5,419,502

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Debt obligations—net of deferred financing fees

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$

507,543,957

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$

560,394,693

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Presented as follows:

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Current portion of long-term debt

 

$

158,670,500

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$

100,164,502

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Long-term debt—net of current portion and deferred financing fees

 

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348,873,457

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460,230,191

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Total

 

$

507,543,957

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$

560,394,693

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Schedule of changes in deferred financing fees

The analysis and movement of deferred financing fees is presented in the table below:

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Financing

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costs

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Balance, April 1, 2026

 

$

5,419,502

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Amortization

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(554,119)

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Balance, June 30, 2026

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$

4,865,383

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