v3.3.1.900

Long-term debt (Tables)

12 Months Ended

Dec. 31, 2015

Long-term debt

Schedule of long-term debt

		December 31,			December 31,
		2015			2014			Interest Rate
Recourse Debt:
Senior secured term loan facility, due 2021		$	473.2		$	541.5		LIBOR(1)	plus	3.75	%
Senior unsecured notes, due 2018			—			319.9				9.00	%
Senior unsecured notes, due June 2036 (Cdn$210.0)			151.7			181.0				5.95	%
Non-Recourse Debt:(2)
Epsilon Power Partners term facility, due 2019			19.5			25.5		LIBOR	plus	3.125	%
Cadillac term loan, due 2025			29.5			33.4		LIBOR	plus	1.37	%
Piedmont term loan, due 2018			59.0			64.0		LIBOR	plus	3.50	%
Other long-term debt			0.4			0.6		5.50	%  -	6.70	%
Less: current maturities			(15.8)			(20.0)
Total long-term debt		$	717.5		$	1,145.9

Schedule of current maturities

		December 31,			December 31,
		2015			2014			Interest Rate
Current Maturities(2):
Senior secured term loan facility, due 2021		$	4.7		$	5.4		LIBOR(1)	plus	3.75	%
Epsilon Power Partners term facility, due 2019			6.0			6.1		LIBOR	plus	3.125	%
Cadillac term loan, due 2025			2.5			3.9		LIBOR	plus	1.37	%
Piedmont term loan, due 2018			2.4			4.5		LIBOR	plus	3.50	%
Other short-term debt			0.2			0.1		5.50	%  -	6.70	%
Total current maturities		$	15.8		$	20.0

⁽¹⁾ LIBOR cannot be less than 1.00%. On May 5, 2014 we entered into interest rate swap agreements to mitigate the exposure to changes in LIBOR for $199.0 million notional amount ($153.6 million at December 31, 2015) of the $600.0 million ($473.2 million at December 31, 2015) outstanding aggregate borrowings under our senior secured term loan facility. See Note 14, Accounting for derivative instruments and hedging activities for further details.

⁽²⁾ Excludes non-recourse debts of $164.9 million and $83.8 million from Meadow Creek term loan and Rockland term loan as of December 31, 2014, respectively.  Both debts are resolved as part of our sale of the Wind Projects.  See Note 3, Divestments.

Schedule of principal payments on the maturities of debt due in next five years

2016		$	15.8
2017			16.4
2018			68.3
2019			8.5
2020			7.6
Thereafter			616.7
		$	733.3

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