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

 

(unaudited)
(millions of dollars)

 

March 31,
2018

 

Weighted Average
Interest Rate for the
Three Months Ended
March 31, 2018

 

December 31,
2017

 

Weighted Average
Interest Rate for the
Year Ended December
31, 2017

 

 

 

 

 

 

 

 

 

 

 

TC PipeLines, LP

 

 

 

 

 

 

 

 

 

Senior Credit Facility due 2021

 

165

 

2.85

%

185

 

2.41

%

2013 Term Loan Facility due 2022

 

500

 

2.86

%

500

 

2.33

%

2015 Term Loan Facility due 2020

 

170

 

2.75

%

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

 

55

 

2.55

%

55

 

2.02

%

PNGTS

 

 

 

 

 

 

 

 

 

5.90% Senior Secured Notes due 2018

 

24

(b)

5.90

%(a)

30

(c )

5.90

%(a)

Tuscarora

 

 

 

 

 

 

 

 

 

Unsecured Term Loan due 2020

 

25

 

2.73

%

25

 

2.27

%

 

 

 

 

 

 

 

 

 

 

 

 

2,389

 

 

 

2,415

 

 

 

Less: unamortized debt issuance costs and debt discount

 

12

 

 

 

12

 

 

 

Less: current portion

 

45

(b)

 

 

51

(c)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,332

 

 

 

2,352

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Fixed interest rate

(b)

Includes the PNGTS portion due at March 31, 2018 amounting to $6.1 million that was paid on April 2, 2018.

(c)

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

 

(unaudited)

 

 

 

(millions of dollars)

 

 

 

 

 

 

 

2018

 

45

 

2019

 

36

 

2020

 

293

 

2021

 

515

 

2022

 

500

 

Thereafter

 

1,000

 

 

 

 

 

 

 

2,389