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LONG-TERM DEBT AND CREDIT FACILITY (Tables)
12 Months Ended
Dec. 31, 2021
Financial Instruments [Abstract]  
Disclosure of detailed information about borrowings
NotesDecember 31,
2021
December 31,
2020
5.75% senior notes
(a)$445.7 $438.6 
Equipment loans(c)18.7 28.0 
$464.4 $466.6 
Current portion of long-term debt$7.5 $7.9 
Non-current portion of long-term debt456.9 458.7 
$464.4 $466.6 
Contractual maturities of notes
The following are the contractual maturities related to the Notes, including interest payments:
Payments due by period
Notes balance as at
Carrying amount1
Contractual cash flows
<1 yr
1-2 yrs
3-4 yrs
>4 yrs
December 31, 2021$450.0 $631.1 $25.9 $51.8 $51.8 $501.6 
December 31, 2020$450.0 $658.7 $27.5 $51.8 $51.8 $527.6 
1.The carrying amount of the long-term debt excludes unamortized deferred transaction costs of $6.3 million as at December 31, 2021 (December 31, 2020 – $7.2 million) and the embedded derivative.
The following are the contractual maturities related to the equipment loans, including interest payments:
Payments due by period
Equipment loans balance as at
Carrying amount1
Contractual cash flows
<1 yr
1-2 yrs
3-4 yrs
>4 yrs
December 31, 2021$18.9 $20.5 $8.5 $12.0 $— $— 
December 31, 2020$28.2 $31.3 $9.4 $17.9 $4.0 $— 
1.The carrying amount of the long-term debt excludes unamortized deferred transaction costs of $0.2 million as at December 31, 2021 (December 31, 2020 – $0.2 million).