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Debt
3 Months Ended
Mar. 31, 2020
Debt  
Debt

14.    Debt

    

Carrying amount

March 31, 

December 31, 

    

2020

    

2019

Short-term debt

$

33,081

$

4,705

Long-term debt:

 

  

 

  

Term loan:

 

  

 

  

Denominated in Canadian dollars, secured, bearing interest at a weighted average rate of 3.905%, due in monthly installments of interest only and quarterly installments of principal, maturing in October 2021

 

139,785

 

155,355

Less: unamortized debt issue costs

 

(686)

 

(807)

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

 

500,000

Less: unamortized debt issue costs

 

(8,619)

 

(9,067)

Total long-term debt

 

630,480

 

645,481

Total debt

$

663,561

$

650,186

Long-term debt:

 

  

 

  

Current portion

$

16,944

$

18,277

Non-current portion

 

613,536

 

627,204

Total long-term debt

$

630,480

$

645,481

Short-term debt is comprised of drawings in different currencies on the Company’s committed revolving credit facilities, and for the three months ended March 31, 2020, have a weighted average interest rate of 3.1% (December 31, 2019: 2.3%).

As at March 31, 2020, the Company had unused committed revolving credit facilities aggregating $461,660,000 of which $457,225,000 is available until October 27, 2021 subject to certain covenant restrictions. The Company was in compliance with all financial and other covenants applicable to the credit facilities at March 31, 2020.