Quarterly report pursuant to Section 13 or 15(d)

DEBT (Tables)

v3.20.2
DEBT (Tables)
6 Months Ended
Sep. 30, 2020
Debt Disclosure [Abstract]  
Schedule of debt
Debt as of September 30 and March 31, 2020 (Successor) consisted of the following (in thousands):
 
 
September 30, 2020
 
March 31,
2020
PK Air Debt
 
$
198,217

 
$
207,326

Macquarie Debt
 
145,232

 
148,165

7.750% Senior Notes (1)
 
137,499

 

Lombard Debt
 
139,399

 
136,180

Promissory notes (2)
 
17,069

 

Airnorth Debt
 
6,624

 
7,618

Humberside Debt
 
329

 
335

Term Loan
 

 
61,500

Total debt
 
644,369

 
561,124

Less short-term borrowings and current maturities of long-term debt
 
(64,027
)
 
(45,739
)
Total long-term debt
 
$
580,342

 
$
515,385


_________________ 
(1) 
The pre-Merger outstanding principal amount of Era’s 7.750% senior unsecured notes as of March 31, 2020 was $142.0 million, net of unamortized discounts and debt issuance costs.
(2) 
The pre-Merger outstanding principal amount of Era’s promissory notes as of March 31, 2020 was $17.9 million.
Schedule of convertible debt Interest expense related to the 4½% Convertible Senior Notes was as follows (in thousands):
 
Predecessor
 
Six Months Ended September 30, 2019
Contractual coupon interest
$
715

Amortization of debt discount
648

Total interest expense
$
1,363