14. Debt



			Carrying amount
			March 31,		December 31,
				2018		2017
Short-term debt			$	5,861	$	7,018

Long-term debt:

	Term Loans (previously referred to as Delayed draw term loans):
		Denominated in Canadian dollars, secured, bearing interest at a weighted
		average rate of 4.014%, due in monthly installments of interest only and
		quarterly installments of principal, maturing in October 2021		178,335		185,143
		Denominated in United States dollars, secured, bearing interest at a weighted
		average rate of 4.064%, due in weekly installments of interest only and
		quarterly installments of principal, maturing in October 2021		117,691		144,544
		Less: unamortized debt issue costs		(3,514)		(4,134)
	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		(12,218)		(12,661)
Total Long-term debt				780,294		812,892

Total debt			$	786,155	$	819,910

Long-term debt:
Current portion			$	9,264	$	16,907
Non-current portion				771,030		795,985
Total Long-term debt			$	780,294	$	812,892

Short-term debt at March 31, 2018 is comprised of drawings in different currencies on the Company’s committed revolving credit facilities and have a weighted average interest rate of 2.9% (December 31, 2017: 2.7%).

During the quarter, the company made voluntary prepayments totalling $25,000,000 on the term loan denominated in United States dollars. Prepayments are applied against future scheduled mandatory payments. The amount available pursuant to the term loan facility was only available to finance the acquisition of IronPlanet and will not be available for other corporate purposes upon repayment of amounts borrowed under that facility.

14. Debt (continued)

As at March 31, 2018, the Company had available committed revolving credit facilities aggregating $655,600,000 of which $651,761,000 is available until October 27, 2021.