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Debt
3 Months Ended
Mar. 31, 2017
Debt [Abstract]  
Debt

18Debt



 

 

 

 

 

 



 

 

 

 

 

 



 

Carrying amount



 

March 31,

 

December 31,



 

2017 

 

 

2016 

Short-term debt

$

24,616 

 

$

23,912 



 

 

 

 

 

 

Long-term debt:

 

 

 

 

 



 

 

 

 

 

 



 

 

 

 

 

 



Revolving loan, denominated in Canadian dollars, unsecured, bearing

 

 

 

 

 



interest at a weighted average rate of 2.426%, due in monthly installments

 

 

 

 

 



of interest only, with the committed, revolving credit facility available until

 

 

 

 

 



October 2021

 

70,575 

 

 

69,926 



 

 

 

 

 

 



Revolving loan, denominated in United States dollars, unsecured, bearing

 

 

 

 

 



interest at a weighted average rate of 2.280%, due in monthly installments

 

 

 

 

 



of interest only, with the committed, revolving credit facility available until

 

 

 

 

 



October 2021

 

30,000 

 

 

30,000 



 

 

 

 

 

 



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

 

(4,137)

 

 

(4,220)



 

 

596,438 

 

 

595,706 



 

 

 

 

 

 

Total debt

$

621,054 

 

$

619,618 



 

 

 

 

 

 





18Debt (continued)

Short-term debt at March 31, 2017 is comprised of drawings in different currencies on the Company’s committed revolving credit facilities and have a weighted average interest rate of 2.2%  (December 31, 2016:  2.2%).



As at March 31, 2017, the Company had available committed revolving credit facilities aggregating $548,141,000 of which $537,100,000 is available until October 27, 2021. The Company also had available $325,000,000 under the delayed draw term loan facility.