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DEBT | 6 Months Ended
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Jun. 30, 2014
DEBT |
DEBT | 6. DEBT During the six months ended June 30, 2014, the Company completed aggregate issuances of unsecured, medium-term notes of $1,830 million and senior notes of US$1,500 million which carry interest rates of 0.7% to 4.6% and have maturities ranging from three to 30 years, with the exception of $130 million that matures in 50 years. CREDIT FACILITIES The following table provides details of the Company’s committed credit facilities at June 30, 2014 and December 31, 2013.
|  |  |  | June 30, 2014 |  | December 31, 2013 |
|  | Maturity Dates |  | Total Facilities |  | Draws 2 |  | Available |  | Total Facilities |
(millions of Canadian dollars) |  |  |  |  |  |  |  |  |  |  |
Liquids Pipelines |  | 2015 |  | 300 |  | 196 |  | 104 |  | 300 |
Gas Distribution |  | 2016-2019 |  | 1,008 |  | 708 |  | 300 |  | 713 |
Sponsored Investments |  | 2015-2018 |  | 4,797 |  | 1,831 |  | 2,966 |  | 4,781 |
Corporate |  | 2015-2018 |  | 11,947 |  | 3,986 |  | 7,961 |  | 11,805 |
|  |  |  | 18,052 |  | 6,721 |  | 11,331 |  | 17,599 |
Southern Lights project financing 1 |  | 2014-2015 |  | 1,574 |  | 1,502 |  | 72 |  | 1,570 |
Total committed credit facilities |  |  |  | 19,626 |  | 8,223 |  | 11,403 |  | 19,169 |
1 Total facilities are inclusive of $63 million for debt service reserve letters of credit. 2 Includes facility draws, letters of credit and commercial paper issuances that are back-stopped by the credit facility. In addition to the committed credit facilities noted above, the Company also has $269 million of uncommitted demand credit facilities, of which $250 million was unutilized as at June 30, 2014. Subsequent to June 30, 2014, the Company has extended the maturity of a number of credit facilities for another year and increased committed credit facilities by $75 million. Credit facilities carry a weighted average standby fee of 0.2% per annum on the unused portion and draws bear interest at market rates. Certain credit facilities serve as a back-stop to the commercial paper programs and the Company has the option to extend the facilities, which are currently set to mature from 2014 to 2019. Commercial paper and credit facility draws, net of short-term borrowings, of $5,803 million (December 31, 2013 - $4,580 million) are supported by the availability of long-term committed credit facilities and therefore have been classified as long-term debt.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 19, 20, 22 -Article 5 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19,20,22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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