(iii) Glace Bay project debt (iv) Sky Gen project debt (v) Amherst project debt (vi) Amherstburg project debt Glace Bay project debt has regular principal and interest payments, over the term to maturity and is secured only by the assets of Glace Bay, with no  recourse to the Corporation's other assets. As atDecember 31, 2013, the carrying value of the assets of Glace Bay exceeded the total amount of  project debt outstanding. Under the agreement, Glace Bay must satisfy certain restrictive covenants as to minimum debt service coverage ratios. Additionally, Glace Bay is  required to set aside$1,600 as restricted cash to cover the debt service and operating and maintenance reserves. Sky Gen project debt has regular principal and interest payments, over the term to maturity and is secured only by the assets of Sky Gen, with no recourse to the Corporation's other assets. As atDecember 31, 2013, the carrying value of the assets of Sky Gen exceeded the total amount of  project debt outstanding. Under the agreement, Sky Gen must satisfy certain restrictive covenants as to minimum debt service coverage ratios. Amherst's project debt has regular principal and interest payments, over the term to maturity and is secured only bythe assets of Amherst, with no recourse to the Corporation's other assets, except for a $1,000 limited recourse guarantee provided by ReD to the lenders of theAmherst project debt. As at December 31, 2013, the carrying value of the assets of Amherst exceeded the total amount of project debt outstanding. Under the agreement, Amherst must satisfy certain restrictive covenants as to minimum debt service coverage ratios. Additionally,Amherst is required to set aside $1,102 as letters of credit against the borrowing capacity of the corporate credit facility to cover the debt service and maintenance reserves. Amherstburg's project debt has regular principal and interest payments, over17years, with a five-year maturity and is secured only by the assets of  Amherstburg, with no recourse to the Corporation's other assets. As at December 31, 2013, the carrying value of the assets of Amherstburg exceeded the total amount of project debt outstanding. Under the agreement, Amherstburg must satisfy certain restrictive covenants as to minimum debt service coverage ratios. Additionally, Amherstburg is required to set aside $5,950 as letters of credit against the borrowing capacity of the corporate credit facility to cover the debt service and maintenance reserves. As at December 31, 2013, Amherstburg's project debt had an interest rate swap contract to mitigate interest rate risk (see note 10(a)). Interest Rate Maturity Dec 31, 2013 Dec 31, 2012 Term loan 6.36% Apr 21, 2019 8,533 — Term loan 5.99% Apr 1, 2027 3,570 — Term loan 4.72% Oct 1, 2032 5,140 — 17,243 — Interest Rate Maturity Dec 31, 2013 Dec 31, 2012 Term loans 4.22% to 5.06% Dec 31, 2016 26,372 — Term loan 6.22% Sep 30, 2017 608 — Promissory note payable 5.00% Feb 1, 2016 9,985 — 36,965 — Interest Rate Maturity Dec 31, 2013 Dec 31, 2012 Term loan 6.20% Apr 30, 2032 44,770 — Interest Rate Maturity Dec 31, 2013 Dec 31, 2012 Project debt 7.32% Jun 30, 2016 86,680 90,560 As at Interest Rate Maturity Dec 31, 2013 Dec 31, 2012 Senior secured bonds 4.56% Jun 30, 2040 73,688 77,237 Subordinated secured bonds 7.00% Jun 30, 2041 20,242 20,242 93,930 97,479 (vii) Hydro facilities' senior secured and subordinated secured bonds 2013 ANNUAL REPORT  87