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DEBT AND CREDIT FACILITIES (Tables)
12 Months Ended
Dec. 31, 2018
DEBT AND CREDIT FACILITIES  
Schedule of debt and credit facilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

Weighted Average

 

 

 

 

 

 

Interest Rate for the

 

 

 

 

Interest Rate for the

 

 

 

 

 

 

Year Ended

 

 

 

 

Year Ended

 

 

(millions of dollars)

    

2018

    

December 31, 2018

    

    

2017

    

December 31, 2017

    

 

TC PipeLines, LP

 

 

 

 

 

 

 

 

 

 

 

Senior Credit Facility due 2021

 

40

 

3.14

%

 

185

 

2.41

%

 

2013 Term Loan Facility due 2022

 

500

 

3.23

%

 

500

 

2.33

%

 

2015 Term Loan Facility due 2020

 

 —

 

 —

 

 

170

 

2.22

%

 

4.65% Unsecured Senior Notes due 2021

 

350

 

4.65

%

(a)

350

 

4.65

%

(a)

4.375% Unsecured Senior Notes due 2025

 

350

 

4.375

%

(a)

350

 

4.375

%

(a)

3.90 % Unsecured Senior Notes due 2027

 

500

 

3.90

%

(a)

500

 

3.90

%

(a)

GTN

 

 

 

 

 

 

 

 

 

 

 

5.29% Unsecured Senior Notes due 2020

 

100

 

5.29

%

(a)

100

 

5.29

%

(a)

5.69% Unsecured Senior Notes due 2035

 

150

 

5.69

%

(a)

150

 

5.69

%

(a)

Unsecured Term Loan Facility due 2019

 

35

 

2.93

%

 

55

 

2.02

%

 

PNGTS

 

 

 

 

 

 

 

 

 

 

 

Revolving Credit Facility due 2023

 

19

 

3.55

%

 

 —

 

 —

 

 

5.90% Senior Secured Notes due 2018

 

 —

 

 —

 

 

30

 

5.90

%

(a)

Tuscarora

 

 

 

 

 

 

 

 

 

 

 

Unsecured Term Loan due 2020

 

24

 

3.10

%

 

25

 

2.27

%

 

North Baja

 

 

 

 

 

 

 

 

 

 

 

Unsecured Term Loan due 2021

 

50

 

3.54

%

 

 —

 

 —

 

 

 

 

2,118

 

 

 

 

2,415

 

 

 

 

Less:unamortized debt issuance costs and debt discount

 

10

 

 

 

 

12

 

 

 

 

Less: current portion

 

36

 

 

 

 

51

(b)

 

 

 

 

 

2,072

 

 

 

 

2,352

 

 

 

 

 

(a)

Fixed interest rate.

(b)

Includes the PNGTS portion due at December 31, 2017 amounting to $5.8 million that was paid on January 2, 2018.

Schedule of principal repayments required on debt

 

 

 

 

(millions of dollars)

    

 

2019

 

36

2020

 

123

2021

 

440

2022

 

500

2023

 

19

Thereafter

 

1,000

 

 

2,118