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Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Long Term Debt [Abstract]  
Long-Term Debt LONG-TERM DEBT

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Senior Credit Facility

US

$

 

US

$

 

 

$

 

 

$

 

Unsecured senior notes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

6.5% senior notes due 2021

 

 

165,625

 

 

 

248,625

 

 

 

226,113

 

 

 

312,601

 

7.75% senior notes due 2023

 

 

350,000

 

 

 

350,000

 

 

 

477,823

 

 

 

440,062

 

5.25% senior notes due 2024

 

 

351,104

 

 

 

400,000

 

 

 

479,331

 

 

 

502,928

 

7.125% senior notes due 2026

 

 

400,000

 

 

 

400,000

 

 

 

546,084

 

 

 

502,928

 

 

US

$

1,266,729

 

US

$

1,398,625

 

 

 

1,729,351

 

 

 

1,758,519

 

Less net unamortized debt issue costs

 

 

 

 

 

 

 

 

 

 

(23,098

)

 

 

(28,082

)

 

 

 

 

 

 

 

 

 

 

$

1,706,253

 

 

$

1,730,437

 

 

 

 

Senior Credit

Facility

 

 

Unsecured

senior notes

 

 

Debt issue

costs

 

 

Total

 

Balance December 31, 2016

 

$

 

 

$

1,933,993

 

 

$

(27,059

)

 

$

1,906,934

 

Changes from financing cash flows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Proceeds from issue of senior notes

 

 

 

 

 

509,180

 

 

 

 

 

 

509,180

 

Redemption of senior notes

 

 

 

 

 

(571,975

)

 

 

 

 

 

(571,975

)

Payment of debt issue costs

 

 

 

 

 

 

 

 

(9,196

)

 

 

(9,196

)

 

 

 

 

 

 

(62,795

)

 

 

(9,196

)

 

 

(71,991

)

Non-cash changes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss on redemption of unsecured senior notes

 

 

 

 

 

9,021

 

 

 

 

 

 

9,021

 

Amortization of debt issue costs

 

 

 

 

 

 

 

 

8,173

 

 

 

8,173

 

Foreign exchange adjustment

 

 

 

 

 

(121,700

)

 

 

 

 

 

(121,700

)

Balance December 31, 2017

 

 

 

 

 

1,758,519

 

 

 

(28,082

)

 

 

1,730,437

 

Changes from financing cash flows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Redemption of senior notes

 

 

 

 

 

(168,722

)

 

 

 

 

 

(168,722

)

Non-cash changes:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gain on redemption of unsecured senior notes

 

 

 

 

 

(5,672

)

 

 

 

 

 

(5,672

)

Amortization of debt issue costs

 

 

 

 

 

 

 

 

4,984

 

 

 

4,984

 

Foreign exchange adjustment

 

 

 

 

 

145,226

 

 

 

 

 

 

145,226

 

Balance December 31, 2018

 

$

 

 

$

1,729,351

 

 

$

(23,098

)

 

$

1,706,253

 

 

Long-Term Debt Obligations

 

Long-term debt obligations at December 31, 2018 will mature as follows:

 

2021

 

$

226,113

 

2023

 

 

477,823

 

Thereafter

 

 

1,025,415

 

 

 

$

1,729,351