debt

Bank Debt

  • Covenant based, fully secured, C$500 million facility; 9 banks in syndicate

Term Loan

  • $300 million term loan with the Sumitomo Mitsui Banking Corporation (“SMBC”)
  • $500 million term loan with the Export-Import Bank of Korea (“KEXIM”)
  • Both KEXIM and SMBC Terms Loans are irrevocably and unconditionally guaranteed by KNOC

3% US Senior notes

  • US$485 million principal amount of 3% unsecured Senior Notes
  • Mature on September 21, 2022
  • Interest payments occur semi-annually on March 21 and September 21
  • Irrevocably and unconditionally guaranteed by KNOC

    4.2% us senior notes

    • US$397.5 million principal amount of 4.200% unsecured Senior Notes
    • Mature on June 1, 2023
    • Interest payments occur semi-annually on December 1 and June 1
    • Irrevocably and unconditionally guaranteed by KNOC

    2 1/3% us senior notes

    • US$195.8 million principal amount of 2 1/3% unsecured Senior Notes
    • Mature on April 14, 2021
    • Interest payments occur semi-annually on April 14 and October 14
    • Irrevocably and unconditionally guaranteed by KNOC

    Harvest considers its capital structure to be its long term debt outstanding and shareholder’s equity.