Page 118 - Suncor AR English

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

21. DEBT AND CREDIT FACILITIES

Debt and credit facilities are comprised of the following:

Short-Term Debt

Dec 31 Dec 31 Jan 1
($ millions)
2013
2012
2012

(restated – (restated –
note 6)
note 6)
(1)
Commercial paper798
775
761

(1) The commercial paper is supported by a revolving credit facility with a separate lender. The company is authorized to issue commercial paper to a
maximum of $2.5 billion having a term not to exceed 365 days. The weighted-average interest rate as at December 31, 2013 was 0.3%
(December 31, 2012 – 0.4%; January 1, 2012 – 0.4%).

Long-Term Debt
Dec 31 Dec 31 Jan 1
($ millions) 2013 2012
2012

Fixed-term debt, redeemable at the option of the company
.......................................................................................................................................................................................................................................................
6.85% Notes, due 2039 (US$750) 798 746 763
.......................................................................................................................................................................................................................................................
6.80% Notes, due 2038 (US$900) 983 921 942 .......................................................................................................................................................................................................................................................

6.50% Notes, due 2038 (US$1150) 1 223 1 144 1 170 .......................................................................................................................................................................................................................................................

5.95% Notes, due 2035 (US$600) 596 556 566 .......................................................................................................................................................................................................................................................

5.95% Notes, due 2034 (US$500) 532 498 509 .......................................................................................................................................................................................................................................................

5.35% Notes, due 2033 (US$300) 279 259 263 .......................................................................................................................................................................................................................................................
7.15% Notes, due 2032 (US$500) 532 498 509
.......................................................................................................................................................................................................................................................
6.10% Notes, due 2018 (US$1250) 1 330 1 244 1 271
.......................................................................................................................................................................................................................................................
6.05% Notes, due 2018 (US$600) 646 606 621
.......................................................................................................................................................................................................................................................
5.00% Notes, due 2014 (US$400) 427 402 413
.......................................................................................................................................................................................................................................................
4.00% Notes, due 2013 (US$300) — 299 305
.......................................................................................................................................................................................................................................................
7.00% Debentures, due 2028 (US$250) 274 256 263
.......................................................................................................................................................................................................................................................
7.875% Debentures, due 2026 (US$275) 321 303 312
.......................................................................................................................................................................................................................................................
9.25% Debentures, due 2021 (US$300) 378 361 376
.......................................................................................................................................................................................................................................................
5.39% Series 4 Medium Term Notes, due 2037 600 600 600
.......................................................................................................................................................................................................................................................
5.80% Series 4 Medium Term Notes, due 2018 700 700 700

Total unsecured long-term debt 9 619 9 393 9 583
.......................................................................................................................................................................................................................................................
Secured long-term debt 13 13 13
.......................................................................................................................................................................................................................................................
Finance leases(2) 1 071 894 476
.......................................................................................................................................................................................................................................................
Deferred financing costs (43) (51) (56)

10 660 10 249 10 016
.......................................................................................................................................................................................................................................................

Current portion of long-term debt
.......................................................................................................................................................................................................................................................

Finance leases (17) (12) (12) .......................................................................................................................................................................................................................................................

Secured long-term debt (13) — — .......................................................................................................................................................................................................................................................

4.00% Notes, due July 2013 (US$300) — (299) — .......................................................................................................................................................................................................................................................
5.00% Notes, due 2014 (US$400) (427) — —

(457)
(311)
(12)

Total long-term debt 10 203
9 938
10 004

(2) Interest rates range from 4.6% to 13.4% and maturity dates range from 2017 to 2052.

114 SUNCOR ENERGY INC. ANNUAL REPORT 2013