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Debt | 3 Months Ended
--- | ---
Mar. 31, 2021
Debt |
Debt | 16. Debt ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Carrying amount
​ | ​ | March 31, | ​ | December 31,
​ |  | 2021 |  | 2020
Short-term debt | ​ | $ | 25,933 | ​ | $ | 29,145
​ | ​ | ​ | ​ | ​ | ​ | ​
Long-term debt: | ​ |  |  | ​ |  |
​ | ​ | ​ | ​ | ​ | ​ | ​
Term loan and long-term revolver loan: | ​ |  |  | ​ |  |
Term loan denominated in Canadian dollars, secured, bearing interest at a weighted average rate of 2.68%, due in monthly installments of interest only and quarterly installments of principal, maturing in October 2023 | ​ |  | 97,279 | ​ |  | 98,420
Long-term revolver loan denominated in Canadian dollars, secured, bearing interest at a weighted average rate of 2.68%, due in monthly installments of interest only, maturing in October 2023 | ​ |  | 46,882 | ​ |  | 46,184
Less: unamortized debt issue costs | ​ |  | (619) | ​ |  | (690)
Senior unsecured notes: | ​ |  | ​ | ​ |  | ​
Bearing interest at 5.375% due in semi-annual installments, with the full amount of principal due in January 2025 | ​ |  | 500,000 | ​ |  | 500,000
Less: unamortized debt issue costs | ​ |  | (6,823) | ​ |  | (7,266)
Total long-term debt | ​ |  | 636,719 | ​ |  | 636,648
​ | ​ | ​ | ​ | ​ | ​ | ​
Total debt | ​ | $ | 662,652 | ​ | $ | 665,793
​ | ​ | ​ | ​ | ​ | ​ | ​
Long-term debt: | ​ |  |  | ​ |  |
Current portion | ​ | $ | 10,517 | ​ | $ | 10,360
Non-current portion | ​ |  | 626,202 | ​ |  | 626,288
Total long-term debt | ​ | $ | 636,719 | ​ | $ | 636,648
​ Short-term debt ​ Short-term debt is comprised of drawings in different currencies on the Company’s committed revolving credit facilities and has a weighted average interest rate of 2.5% (December 31, 2020: 2.3%). ​ ​ 16. Debt (continued) ​ Long-term debt ​
a) | Term loan and long-term revolver loan
​ On August 14, 2020, the Company entered into an amendment of the Credit Agreement dated October 27, 2016, totaling US$630.0 million with a syndicate of lenders comprising:
| (1) | Multicurrency revolving facilities of up to US$530 Million (the “Revolving Facilities”), and,
| (2) | A delayed-draw term loan facility of up to US$100 Million (the “Delayed-Draw Facility” and together with the Revolving Facilities, the “Facilities”).
​
b) | Senior unsecured notes
On December 21, 2016, the Company completed the offering of $500,000,000 aggregate principal amount of 5.375% senior unsecured notes due January 15, 2025 (the “Notes”). Interest on the Notes is payable semi-annually. The Notes are jointly and severally guaranteed on an unsecured basis, subject to certain exceptions, by certain of the Company’s subsidiaries. IronPlanet, Rouse, and certain of their respective subsidiaries were added as additional guarantors in connection with the acquisitions of IronPlanet and Rouse, respectively. As at March 31, 2021, the Company had unused committed revolving credit facilities aggregating $461,115,000 of which $456,115,000 is available until October 27, 2023 subject to certain covenant restrictions. The Company was in compliance with all financial and other covenants applicable to the credit facilities at March 31, 2021.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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