Long-term debt (Tables)

12 Months Ended

Dec. 31, 2023

Debt Instruments [Abstract]

Schedule of long term debt

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

	December 31, 2023			December 31, 2022
Experience Vessel Financing	$	123,750		$	136,119
2017 Bank Loans		74,013			83,640
EE Revolver		—			—
Term Loan Facility		185,430			—
Total debt		383,193			219,759
Less unamortized debt issuance costs		(7,212	)		(5,450	)
Total debt, net		375,981			214,309
Less current portion, net		(42,614	)		(20,913	)
Total long-term debt, net	$	333,367		$	193,396

Schedule of variable rate debt obligation

The following table shows the range of interest rates and weighted average interest rates incurred on our variable-rate debt obligations during the years ended December 31, 2023, 2022 and 2021.

	2023		2022		2021
	Range	Weighted Average	Range	Weighted Average	Range	Weighted Average
Experience Vessel Financing	8.0% – 8.8%	8.4%	3.5% – 6.8%	4.8%	4.3% – 4.4%	4.4%
2017 Bank Loans (1)	7.0% – 10.1%	9.1%	2.6% – 7.0%	5.2%	2.6% – 4.7%	4.3%
Term Loan Facility (2)	7.8% – 8.5%	8.3%	N/A	N/A	N/A	N/A
EE Revolver	N/A	N/A	3.9% – 3.9%	3.9%	N/A	N/A

(1)Weighted average interest rate, net of the impact of settled derivatives, was 6.4%, 5.8% and 5.4% for the years ended December 31, 2023, 2022 and 2021, respectively.

(2)Weighted average interest rate, net of the impact of settled derivatives, was 5.8% for the year ended December 31, 2023.

Summary of Future principal payments on long-term debt outstanding

Future principal payments on long-term debt outstanding as of December 31, 2023 are as follows (in thousands):

2024	$	44,568
2025		48,435
2026		49,239
2027		138,636
2028		25,999
Thereafter		76,316
Total debt, net	$	383,193