Credit Facilities
Note: Helly Hansen has a 175 million Norwegian Krone (”NOK”) secured overdraft facility ($22.6 million Canadian dollar equivalent) provided by a Norwegian bank, expiring in January 2024. As at April 1, 2023, Helly Hansen had no borrowings outstanding on its facility.
1Retail Borrowers include Canadian Tire Corporation, Limited and Helly Hansen AS.
2CT REIT usage includes $4.8 million letters of credit outstanding under its committed bank lines.
U.S. Commercial Paper
Canadian Tire Corporation, Limited (CTC) has a U.S. dollar-denominated commercial paper program that allows it to issue up to a maximum aggregate principal amount of US$1.0 billion of short-term promissory notes into the U.S. Tier 2 market. CP can be issued under this program with terms to maturity ranging from one to 270 days. Any issuance made under the program will rank equally in right of payment with all other unsecured and unsubordinated obligations to creditors of CTC.