Algonquin Power & Utilities Corp. – Consolidated Financial Statements ALGONQUIN POWER & UTILITIES CORP.  On November 19, 2012, APUC entered into a $30 million senior unsecured revolving credit  facility. The credit facility will be used for general corporate purposes and has a maturity date of  November 19, 2015  As of December 31, 2012, the Company had accrued $4,482 in interest payable (2011 - $3,255). Interest paid on the long-term liabilities in 2012 was $20,671 (2011 - $18,089). Principal payments due in the next five years and thereafter are:  Subsequent to year-end, the remaining principal amount of $960 of Series 3 Debentures was  redeemed for 150,816 shares of APUC (note 14(a)(ii)). 2012 Annual Report 107 2013 2014 2015 2016 2017 Thereafter Total APCo $1,339 $1,483 $28,721 $1,829 $2,032 $337,388 $372,792 Liberty Utilities  429  449 27,837 5,481 55,256 308,582  398,034 Total $1,768 $1,932 $56,558 $7,310 $57,288 $645,970 $770,826 Series 1A  Series 2A  Series 3  Total Maturity date  2014 November 30 2016 November 30 2017  September 30 Interest rate  7.50%  6.35%  7.00%  Conversion price per share  $4.08  $6.00  $4.20  Carrying value at December 31, 2010  $ 59,156  $ 59,699  $ 62,905  $ 181,760  Conversion to common shares  (Note14(a)(ii)), net of costs  (59,449) (10) (334) (59,793) Amortization and accretion 293 37 - 330 Carrying value at December 31, 2011  $ -  $ 59,726  $ 62,571  $ 122,297  Conversion to common shares (note  14(a)(ii)), net of costs  - (59,950) (61,611) (121,561) Amortization and accretion  -  224  -  224 Carrying amount at December 31,  2012  $ -  $ -  $960  $960  Face value at December 31, 2012  $ -  $ -  $960  $960  10. Convertible debentures APUC  9.  Long-term liabilities (continued) Notes to the Consolidated Financial Statements  December 31, 2012 and 2011   (in thousands of Canadian dollars except as noted and amounts per share) 