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
1% US SENIOR NOTES
- US$500 million principal amount of 1% unsecured Senior Notes
- Mature on April 26, 2024
- Interest payments occur semi-annually on April 26 and October 26
- Irrevocably and unconditionally guaranteed by KNOC
Harvest considers its capital structure to be its long term debt outstanding and shareholder’s equity.