Financial Instruments

Senior Secured Notes

(in thousands of Canadian dollars)

Principal Amount:

$315,000

Maturity:

November 1, 2022

Interest Rate:

10.0% per annum

Interest shall be payable in cash semi-annually in arrears in on the first day of May and November of each year (or if such day is not a Business Day1, on the next Business Day1).

 

Download the Trust Indenture:

Indenture Governing the Senior Secured Notes pdf - 1.4 MB

 

Credit Ratings

DBRS – Issuer

B (high) / stable

Standard & Poor’s – Issuer

B - / stable outlook

DBRS – Senior Secured Notes

BB (low)

Standard & Poor’s – Senior Secured Notes

B+

 

1. Business Day" means each day that is not a Saturday, Sunday or other day on which commercial banking institutions in New York, New York, Toronto, Canada or Montreal, Canada are authorized or required by law to close.