(as at December 31, 2018)

  Rate/Coupon Maturity Type Amount authorized
(M CAN$)
Amount drawn or value
(M CAN$)

 Revolving credit facility 1, 2 

Variable rate July 2022 Secured 750 86
           
Long-term notes    
CAN$250million 5.50% July 2021 Unsecured   250
US$400million 5.50% July 2022 Unsecured   545
US$200million 5.75% July 2023 Unsecured   273
Term loan of US$175 million 4.61 % Dec 2025 Secured   239
Other debts of subsidiaries         129
 Other debts without recourse to the Corporation   364
         

1,886

Less: Unamortized financing costs   10
TOTAL LONG-TERM DEBT   1,876
Less: Current portion   55
LONG-TERM DEBT         1,821
TOTAL DEBT          
Total long-term debt (including current portion)   1,876
Bank loans and advances   16
          1,892
Less: Cash and Cash equivalents   123
NET DEBT CONSOLIDATED         1,769

 
  1. The Corporation's obligations under the revolving credit facility are secured by the inventory and receivables, as well as by the property, plant and equipment of five of its mills.
  2. The facility can be reimbursed without penalty at the Corporation's option any time prior to maturity.

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