RE:RE:RE:RE:RE:RE:RE:620.475 Million shares End of 2022Yes thanks. I think what I kept getting tripped up on is short-term debt which just turns out to be current liabilities which are basically operating expenses that haven't been paid yet. Most of that is covered by the budget.
GLTY and all
GunnerG wrote: Hopefully this clarifies some things for you. Anticipating good news very soon from ARC.
From Investopedia - The net debt formula is calculated by subtracting all cash and cash equivalents from short-term and long-term liabilities. Net Debt = Short-Term Debt + Long-Term Debt – Cash and Cash Equivalents.
There are two issues of senior notes. One for $450M 2026 maturity 2.354% and the other for $550M maturing 2031 @3.465%. A total of $1B long term debt.
The terms and rates of the 2021 Notes are summarized below: Issue Date Principal Coupon Rate Maturity Date Principal Payment Terms March 10, 2021 Cdn$450 million 2.354 % March 10, 2026 Due upon maturity March 10, 2021 Cdn$550 million 3.465 % March 10, 2031 Due upon maturity There are no financial covenants associated with the 2021 Notes and there were no changes to ARC's existing debt covenants related to the credit facility and other outstanding senior notes. At June 30, 2021, ARC was in compliance with all of its debt covenants.