Notes to Consolidated Financial Statements [in thousands of Canadian dollars, except per share amounts] December 31, 2012 and 2011 Long-term debt consists of the following: 5. LONG-TERM DEBT Effective March 1, 2012, CI renewed its revolving credit facility with two chartered banks and on May 11, 2012 increased the  amount that may be borrowed under the credit facility to $250 million. Amounts may be borrowed under the facility in  Canadian dollars through prime rate loans, which bear interest at the greater of the bank’s prime rate and the Canadian  Deposit Offering Rate plus 1.00%, or bankers’ acceptances, which bear interest at bankers’ acceptance rates plus 0.75%.  Amounts may also be borrowed in U.S. dollars through base rate loans, which bear interest at the greater of the bank’s  reference rate for loans made by it in Canada in U.S. funds and the federal funds effective rate plus 1.00%, or LIBOR loans  which bear interest at LIBOR plus 0.75%. CI may also borrow under this facility in the form of letters of credit, which bear a fee of 0.75% on any undrawn portion.  As at December 31, 2012 and 2011, CI had not accessed the facility by way of letters of credit. Credit facility As at As at December 31, 2012 December 31, 2011 $ $ Credit facility  Bankers’ acceptances  88,000 26,000 Prime rate loan  8,000 7,000 96,000 33,000 Debentures  $250 million, 3.30%, due December 17, 2012  — 249,514 $200 million, 4.19%, due December 16, 2014  199,536 199,258 $300 million, 3.94% until December 13, 2015 and  floating rate until December 14, 2016  298,832 298,583 498,368  747,355 Long-term debt  594,368  780,355 Current portion of long-term debt 24,000  257,763 64