Topic:"Debt Service Coverage Ratio" in M13113

Period from February 18, 2025 to March 31, 2026 (in thousands of dollars) 2026 Comprehensive loss $ (3,169) Operating activities Amortization Expense 152 Interest accrual 31 Change in long-term prepaids (144) Change in non-cash working cap...

AI summary The financial statements show a comprehensive loss of $3,169 thousand for the period from February 18, 2025, to March 31, 2026. Key items include amortization expenses, changes in working capital, and cash flows from operating, investing, and financing activities, ending with an increase in cash of $695 thousand.

14. Credit facilities - a) In December 2025, IESO Nova Scotia entered into an unsecured revolving credit facility with the Province of Nova Scotia in the form of a line of credit in the amount of $10 million. At March 31, 2026, $6 million...

AI summary IESO Nova Scotia has two credit facilities: a $10 million unsecured revolving credit facility with the Province of Nova Scotia, of which $6 million was drawn by March 31, 2026, and a $37.5 million revolving demand facility with a commercial bank, secured by a guarantee from the Province of Nova Scotia. No amounts have been drawn on the latter facility as of March 31, 2026.

b) Interest rate risk The line of credit facility has a floating interest rate with the rate set on the date of advance subjecting IESO Nova Scotia to interest rate risk exposure on any outstanding balances. IESO Nova Scotia manages its in...

AI summary IESO Nova Scotia faces interest rate risk due to its floating interest rate line of credit facility. The organization manages this risk by aligning debt levels with expected cash flow. A 1% increase in interest rates would increase annual interest expense by approximately $60.