| Long-Term Debt - Schedule of Long - Term Debt (Table) |
Long-Term
Debt - Schedule of Long - Term Debt (Table)
| Facilities |
|
December
31, 2025 |
|
|
December
31, 2024 |
| UBS
Credit Facility (a) |
$ |
71,000 |
|
$ |
— |
| 2024
Senior Secured Term Loan Facility (b) |
|
240,000 |
|
|
288,000 |
| 2027
Secured Notes (c) |
|
179,375 |
|
|
231,875 |
| Macquarie
loan (d) |
|
— |
|
|
23,500 |
| E.SUN,
MICB, Cathay, Taishin Credit Facility (e) |
|
— |
|
|
8,300 |
| HCOB,
CACIB, ESUN, CTBC, Taishin Credit Facility (f) |
|
— |
|
|
52,111 |
| Total
credit facilities |
$ |
490,375 |
|
$ |
603,786 |
| Sale
and Leaseback Agreements |
|
|
|
|
|
| Minsheng
Sale and Leaseback Agreements - $178,000 (m) |
|
166,788 |
|
|
44,500 |
| CMBFL
Sale and Leaseback Agreements - $120,000 (n) |
|
37,546 |
|
|
42,813 |
| Total
Sale and Leaseback Agreements |
$ |
204,334 |
|
$ |
87,313 |
| Total
borrowings |
$ |
694,709 |
|
$ |
691,099 |
| Less:
Current portion of long-term debt |
|
(128,500) |
|
|
(136,559) |
| Less:
Current portion of Sale and Leaseback Agreements (m,n,o,p) |
|
(19,067) |
|
|
(8,717) |
| Less:
Deferred financing costs (r) |
|
(5,567) |
|
|
(7,042) |
| Non-current
portion of Long-Term Debt |
$ |
541,575 |
|
$ |
538,781 |
|
| Long-Term Debt - Repayment Schedule (Table) |
Long-Term
Debt - Repayment Schedule (Table)
| |
|
|
| Payment
due by year ended |
Amount |
| December
31, 2026 |
$ |
147,567 |
| December
31, 2027 |
|
246,954 |
| December
31, 2028 |
|
66,800 |
| December
31, 2029 |
|
43,800 |
| December
31, 2030 |
|
91,800 |
| December
31, 2031 and thereafter |
|
97,788 |
| |
$ |
694,709 |
|
| Long-Term Debt - Schedule of Deferred Financing Costs (Table) |
Long-Term
Debt - Schedule of Deferred Financing Costs (Table)
| |
|
|
|
|
|
| |
December 31,
2025 |
|
December 31,
2024 |
| Opening
balance |
$ |
7,042 |
|
$ |
10,750 |
| Expenditure
in the period |
|
2,185 |
|
|
3,120 |
| Amortization
included within interest expense |
|
(3,660) |
|
|
(6,828) |
| Closing
balance |
$ |
5,567 |
|
$ |
7,042 |
|