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Long-term debt (Tables)

12 Months Ended

Dec. 31, 2024


As at	Dec 31 2024		Dec 31 2023
Unsecured notes
(i) $300 million at 4.25% due December 1, 2024	$	—	$	299,283
(ii) $700 million at 5.125% due October 15, 2027	696,104		694,844
(iii) $700 million at 5.25% due December 15, 2029	696,395		695,824
(iv) $600 million at 6.25% due March 15, 2032	585,562		—
(v) $300 million at 5.65% due December 1, 2044	295,820		295,709
	2,273,881		1,985,660


Other limited recourse debt facilities
(i) 5.58% due through June 30, 2031	49,450		56,637
(ii) 5.35% due through September 30, 2033	59,138		65,300
(iii) 5.21% due through September 15, 2036	32,466		34,204
	141,054		156,141
Total long-term debt1	2,414,935		2,141,801
Less current maturities1	(13,727)		(314,716)
	$	2,401,208	$	1,827,085

1 Long-term debt and current maturities are presented net of discounts and deferred financing fees of $28.3 million as at December 31, 2024 (2023 - $16.8 million).

Schedule of minimum principal payments for long-term debt

The gross minimum principal payments for long-term debt in aggregate and for each of the five succeeding years are as follows:


	Other limited recourse debt facilities		Unsecured notes		Total
2025	$	13,660	$	—	$	13,660
2026	13,796		—		13,796
2027	15,173		700,000		715,173
2028	16,026		—		16,026
2029	16,210		700,000		716,210
Thereafter	68,363		900,000		968,363
	$	143,228	$	2,300,000	$	2,443,228