13. Debt



			Carrying amount
			March 31,		December 31,
				2019		2018
Short-term debt			$	8,687	$	19,896

Long-term debt:

	Term loans:
		Denominated in Canadian dollars, secured, bearing interest at a weighted
		average rate of 4.342%, due in monthly installments of interest only and
		quarterly installments of principal, maturing in October 2021		163,189		161,891
		Denominated in United States dollars, secured, bearing interest at a weighted
		average rate of 4.606%, due in weekly installments of interest only and
		quarterly installments of principal, maturing in October 2021		52,690		62,690
		Less: unamortized debt issue costs		(2,121)		(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		500,000
		Less: unamortized debt issue costs		(10,421)		(10,864)
Total long-term debt				703,337		711,298

Total debt			$	712,024	$	731,194

Long-term debt:
Current portion			$	15,648	$	13,126
Non-current portion				687,689		698,172
Total long-term debt			$	703,337	$	711,298

13. Debt (continued)

During the quarter, the Company made voluntary prepayments totalling $10,000,000 (2018 - $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.

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, 2019, have a weighted average interest rate of 3.6% (December 31, 2018: 2.3%).

As at March 31, 2019, the Company had unused committed revolving credit facilities aggregating $485,366,000 of which $480,962,000 is available until October 27, 2021.