INTERTAPE POLYMER GROUP INC | CIK:0000880224 | 3

  • Filed: 3/29/2018
  • Entity registrant name: INTERTAPE POLYMER GROUP INC (CIK: 0000880224)
  • Generator: Workiva (WebFilings)
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/880224/000088022418000016/0000880224-18-000016-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/880224/000088022418000016/itp-20171231.xml
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  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0000880224
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    • ifrs-full:DisclosureOfDetailedInformationAboutBorrowingsExplanatory

    Borrowings are comprised of the following for the years ended: 
     
     
     
    December 31, 2017
     
    December 31, 2016
     
    Maturity
     
    Weighted average
    effective interest  rate
     
    $
     
    Weighted average
    effective interest  rate
    $
    Revolving Credit Facility (a) (1)
    November 2019
     
    3.39
    %
     
    254,773

     
    2.90
    %
    159,608

    Powerband Revolving Line of Credit(b)
    March 2018 and July 2018
     
    8.75
    %
     
    9,563

     
    9.52
    %
    862

    Finance lease liabilities (c)
    Various until June 2022
     
    3.11
    %
     
    8,817

     
    3.23
    %
    14,265

    Forgivable government loan (d) (2)
    January 2024
     
    1.25
    %
     
    4,660

     
    1.25
    %
    3,276

    Term and other loans (e)
    Various until December 2021
     
    9.05
    %
     
    1,650

     
    7.44
    %
    1,814

     
     
     
     
     
    279,463

     
     
    179,825

    Less: current borrowings
     
     
     
     
    14,979

     
     
    7,604

     
     
     
     
     
    264,484

     
     
    172,221

     
    (1) 
    The Revolving Credit Facility is presented net of unamortized related debt issue costs, amounting to $1.4 million as of December 31, 2017 and 2016.
    (2) 
    The forgivable government loan is shown net of imputed interest amounting to $0.3 million and $0.2 million as of December 31, 2017 and 2016, respectively.