Long-Term Debt (Detail Textuals 1)
$ in Millions |
1 Months Ended |
|
Jun. 30, 2016
USD ($)
|
|---|
| Line of Credit Facility [Line Items] |
|
| Revolving and Term Loan facility interest rate terms |
The New Term Loan A Facility and New Revolving Loan Facility bear interest at a rate per annum of (a) an adjusted LIBOR rate or (b) a base rate determined by reference to the greatest of (i) the federal funds rate plus 0.50%, (ii) the prime rate in effect on such day and (iii) the adjusted LIBOR rate plus 1%, in each case plus an applicable margin that is determined by reference to a total leverage ratio, with an applicable margin of between 2.25% and 1.50% with respect to Eurocurrency loans and between 1.25% and 0.50% with respect to base rate loans. The initial applicable margin for borrowings is 2.25% with respect to Eurocurrency borrowings and 1.25% with respect to base rate borrowings.
|
| Maximum commitment fee percentage of applicable margin for Eurocurrency loans |
40.00%
|
| Seven Seas Explorer term loan |
|
| Line of Credit Facility [Line Items] |
|
| Debt, principal amount |
$ 373.6
|
| Interest rate |
3.43%
|
| Extended maturity year |
2028
|
| Percentage Contract Price In Place Of Export Financing |
80.00%
|
| New Term Loan A Facility |
|
| Line of Credit Facility [Line Items] |
|
| Frequency of Payment terms |
The New Term Loan A Facility is required to be repaid in quarterly installments that commenced in September 2016, in a principal amount equal to (a) in the case of installments payable on or prior to June 6, 2018, 1.25% of the loans outstanding immediately after the closing date under the New Term Loan A Facility and (b) in the case of installments payable after June 6, 2018, 2.50% of the loans outstanding immediately after the closing date under the New Term Loan A Facility, with the remaining unpaid principal amount of loans under the New Term Loan A Facility due and payable in full at maturity on June 6, 2021. Principal amounts outstanding under the New Revolving Loan Facility are due and payable in full at maturity on June 6, 2021, subject to earlier repayment pursuant to the springing maturity date described above.
|
| Percentage of loans outstanding for installment payable prior to maturity |
1.25%
|
| Percentage of loans outstanding for installment payable after maturity |
2.50%
|
| New Term Loan A Facility | Prime Rate |
|
| Line of Credit Facility [Line Items] |
|
| Description of variable rate basis |
Prime rate
|
| New Term Loan A Facility | London Interbank Offered Rate (LIBOR) |
|
| Line of Credit Facility [Line Items] |
|
| Description of variable rate basis |
Adjusted LIBOR
|
| Initial applicable margin rate |
1.00%
|
| New Term Loan A Facility | Federal Fund Rate |
|
| Line of Credit Facility [Line Items] |
|
| Description of variable rate basis |
Federal funds rate
|
| Initial applicable margin rate |
0.50%
|
| New Term Loan A Facility | Eurodollar |
|
| Line of Credit Facility [Line Items] |
|
| Description of variable rate basis |
Eurocurrency loans
|
| Initial applicable margin rate |
2.25%
|
| New Term Loan A Facility | Eurodollar | Minimum |
|
| Line of Credit Facility [Line Items] |
|
| Initial applicable margin rate |
1.50%
|
| New Term Loan A Facility | Eurodollar | Maximum |
|
| Line of Credit Facility [Line Items] |
|
| Initial applicable margin rate |
2.25%
|
| New Term Loan A Facility | Base rate |
|
| Line of Credit Facility [Line Items] |
|
| Description of variable rate basis |
Base Rate
|
| Initial applicable margin rate |
1.25%
|
| New Term Loan A Facility | Base rate | Minimum |
|
| Line of Credit Facility [Line Items] |
|
| Initial applicable margin rate |
0.50%
|
| New Term Loan A Facility | Base rate | Maximum |
|
| Line of Credit Facility [Line Items] |
|
| Initial applicable margin rate |
1.25%
|
| New Revolving Loan Facility | Prime Rate |
|
| Line of Credit Facility [Line Items] |
|
| Description of variable rate basis |
Prime rate
|
| New Revolving Loan Facility | London Interbank Offered Rate (LIBOR) |
|
| Line of Credit Facility [Line Items] |
|
| Description of variable rate basis |
Adjusted LIBOR
|
| Initial applicable margin rate |
1.00%
|
| New Revolving Loan Facility | Federal Fund Rate |
|
| Line of Credit Facility [Line Items] |
|
| Description of variable rate basis |
Federal funds rate
|
| Initial applicable margin rate |
0.50%
|
| New Revolving Loan Facility | Eurodollar |
|
| Line of Credit Facility [Line Items] |
|
| Description of variable rate basis |
Eurocurrency loans
|
| Initial applicable margin rate |
2.25%
|
| New Revolving Loan Facility | Eurodollar | Minimum |
|
| Line of Credit Facility [Line Items] |
|
| Initial applicable margin rate |
1.50%
|
| New Revolving Loan Facility | Eurodollar | Maximum |
|
| Line of Credit Facility [Line Items] |
|
| Initial applicable margin rate |
2.25%
|
| New Revolving Loan Facility | Base rate |
|
| Line of Credit Facility [Line Items] |
|
| Description of variable rate basis |
Base Rate
|
| Initial applicable margin rate |
1.25%
|
| New Revolving Loan Facility | Base rate | Minimum |
|
| Line of Credit Facility [Line Items] |
|
| Initial applicable margin rate |
0.50%
|
| New Revolving Loan Facility | Base rate | Maximum |
|
| Line of Credit Facility [Line Items] |
|
| Initial applicable margin rate |
1.25%
|