RE:RE:RE:RE:RE:RE:RE:RE:RE:Net debt really a 250 million surplus with Tpz sharesI guess you must be feeling BIG just about now. However, if I were you I would go back and do some more research: What do you call this if not a bank debt?
"The Company has a $950.0 million term loan with a syndicate of banks. In March 2021, the Company extended the maturity date of the term loan to June 2026. With the exception of the change in maturity date, the term loan was renewed under the same terms and conditions as those described in note 9 of the Company’s consolidated financial statements for the year ended December 31, 2020. The term loan can be drawn in either Canadian or U.S. funds and bears interest at the agent bank’s prime lending rate, banker’s acceptance rates or LIBOR (for U.S. borrowings), plus 150 basis points. The maturity date may, at the request of the Company and with consent of the lenders, be extended on an annual basis. The covenants for the term loan are the same as those under the Company’s revolving credit facility and the term loan ranks equally with the revolving credit facility."