Debt (Tables)

12 Months Ended

Dec. 29, 2012

Our total debt as of December 29, 2012 and December 31, 2011 was as follows:


(in millions of U.S. dollars)	December 29, 2012			December 31, 2011
8.375% senior notes due in 2017¹		215.0			215.0
8.125% senior notes due in 2018		375.0			375.0
ABL facility		—			—
GE Obligation		9.9			12.4
Other capital leases		4.6			4.1
Other debt		1.3			1.5

*Total debt*		605.8			608.0
Less: Short-term borrowings and current debt:
ABL facility		—			—

*Total short-term borrowings*		—			—
GE Obligation - current maturities		0.9			2.6
Other capital leases - current maturities		0.8			0.6
Other debt - current maturities		0.2			0.2

*Total current debt*		1.9			3.4
Long-term debt before discount		603.9			604.6
Less discount on 8.375% notes		(2.1	)		(2.5	)

*Total long-term debt*	$	601.8		$	602.1

¹	Our 8.375% senior notes were issued at a discount of 1.425% on November 13, 2009.

Schedule of Long Term Debt Payments in Each of Next Five Years and Thereafter

The long-term debt payments (which include current maturities of long-term debt) required in each of the next five years and thereafter are as follows:


(in millions of U.S. dollars)	Long Term Debt (incl. current)
2013	$	1.9
2014		2.3
2015		2.3
2016		7.8
2017		215.6
Thereafter		375.9

	$	605.8	¹

¹We	funded the purchase of water bottling equipment through a financing agreement signed in January 2008 (the “GE Obligation”). At the end of the GE Obligation, we may exchange $6.5 million of deposits for the extinguishment of $6.5 million in debt or elect to purchase such equipment.

Schedule of Effective Interest Rate on LIBOR and Prime Loans Based on Average Aggregate Availability

The effective interest rate as of December 29, 2012 on LIBOR and Prime loans is based on average aggregate availability as follows:


Average Aggregate Availability (in millions of U.S. dollars)	ABR Spread			Canadian Prime Spread			Eurodollar Spread			CDOR Spread			LIBOR Spread
Over $150		0.25	%		0.25	%		1.75	%		1.75	%		1.75	%
$75 - 150		0.50	%		0.50	%		2.00	%		2.00	%		2.00	%
Under $75		0.75	%		0.75	%		2.25	%		2.25	%		2.25	%