Important Links

Debentures & Debt

Bank Debt

  • Covenant based, fully secured, C$500 million facility; 10 banks in syndicate
  • Amended and Extended April 29, 2011 
  • Matures April 30, 2015 
  • Interest rate: $C BAs + 175bps

Senior Notes

  • US$500 million issued September, 2010
  • 6⅞%, maturing October 1, 2017 

Convertible Debentures

  • 4 Series – average interest rate of 7.2% - average term ~3.2 years
  • C$733 million outstanding - traded on TSX

TSX: HTE.DB.D

Interest: 

6.40% (payable semi-annually on April 30 and October 31, commencing on April 30, 2006)

Conversion price: 

$46.00

Maturity:

October 31, 2012

Full details:

Final prospectus dated October 12, 2005 and filed on SEDAR

TSX: HTE.DB.E

Interest: 

7.25% (payable semi-annually on March 31 and September 30, commencing on March 31, 2007)

Conversion price: 

$32.20

Maturity:

September 30, 2013

Full details:

Final prospectus dated November 14, 2006 and filed on SEDAR

TSX: HTE.DB.F

Interest: 

7.25% (payable semi-annually on February 28 and August 31, commencing on August 31, 2007)

Conversion price: 

$27.25

Maturity:

February 28, 2014

Full details:

Final prospectus dated January 25, 2007 and filed on SEDAR

TSX: HTE.DB.G

Interest: 

7.50% (payable semi-annually on May 31 and November 30, commencing on November 30, 2008)

Conversion price: 

$27.40

Maturity:

May 31, 2015

Full details:

Final prospectus dated April 11, 2008 and filed on SEDAR