Carrying amount

December 31,

2019

2018

Short-term debt

$

4,705

$

19,896

Long-term debt:

Term loans:

Denominated in Canadian dollars, secured, bearing interest at a weighted average rate of 3.958%, due in monthly installments of interest only and quarterly installments of principal, maturing in October 2021

155,355

161,891

Denominated in United States dollars, secured, bearing interest at a weighted average rate of 3.715%, due in weekly installments of interest only and quarterly installments of principal, repaid in full in December 2019

—

62,690

Less: unamortized debt issue costs

(807)

(2,419)

Senior unsecured notes:

Bearing interest at 5.375% due in semi-annual installments, with the full amount of principal due in January 2025

500,000

Less: unamortized debt issue costs

(9,067)

(10,864)

Total long-term debt

645,481

711,298

Total debt

$

650,186

$

731,194

Long-term debt:

Current portion

$

18,277

$

13,126

Non-current portion

627,204

698,172

Total long-term debt

$

645,481

$

711,298