The Company’s long-term debt consists of the following (in thousands):


	March 31, 2022			December 31, 2021
Experience Vessel Financing	$	145,400		$	148,500
2017 Bank Loans		90,645			91,570
Total debt		236,045			240,070
Less unamortized debt issuance costs		(6,377	)		(6,655	)
Total debt, net		229,668			233,415
Less current portion, net		(19,939	)		(19,046	)
Total long-term debt, net	$	209,729		$	214,369

In December 2016, we entered into a sale leaseback agreement with a third party to provide $247.5 million of financing for the Experience vessel (the “Experience Vessel Financing”). Due to our requirement to repurchase the vessel at the end of the term, the transaction was accounted for as a failed sale leaseback (a financing transaction). Under the Experience Vessel Financing agreement, the Company makes quarterly principal payments of $3.1 million toward the $247.5 million in principal provided for the Experience vessel and interest payments at the 3-month LIBOR plus 3.25% (4.2% at March 31, 2022). In December 2021, we entered into an agreement to extend the original loan from December 2026 to December 2033, reduce the interest margin to 3.25% from 4.2%, and reduce the quarterly principal payments to $3.1 million from $5.0 million.

Under the Company's financing agreement for the Moheshkhali LNG terminal in Bangladesh (the “2017 Bank Loans”), the Company entered into two loan agreements with external banks. Under the first agreement, the Company may borrow up to $32.8 million, makes semi-annual payments and accrues interest at the 6-month LIBOR plus 2.42% (3.9% at March 31, 2022) through the loan maturity date of October 15, 2029.

The second agreement allows the Company to draw funds up to $92.8 million and requires us to make quarterly payments and accrue interest at the 3-month LIBOR plus 4.50% (5.5% at March 31, 2022) through the loan maturity date of October 15, 2029.

As of March 31, 2022, the Company was in compliance with the covenants under its debt facilities.