Debt (Tables)

12 Months Ended

Jan. 02, 2016

Debt Disclosure [Abstract]

Components of Debt

Our total debt as of January 2, 2016 and January 3, 2015 was as follows:

	January 2, 2016						January 3, 2015
			Unamortized						Unamortized
			Debt Issuance						Debt Issuance
(in millions of U.S. dollars)	Principal		Costs		Net		Principal		Costs		Net
6.750% senior notes due in 2020	$	625.0	$	12.0	$	613.0	$	625.0	$	14.2	$	610.8
10.000% senior notes due in 2021 1		390.1		—		390.1		405.6		—		405.6
5.375% senior notes due in 2022		525.0		8.2		516.8		525.0		8.8		516.2
ABL facility		122.0		—		122.0		229.0		—		229.0
GE Term Loan		6.4		0.4		6.0		8.2		0.7		7.5
Capital leases and other debt financing		2.9		—		2.9		5.2		—		5.2
Total debt		1,671.4		20.6		1,650.8		1,798.0		23.7		1,774.3
Less: Short-term borrowings and current debt:
ABL facility		122.0		—		122.0		229.0		—		229.0
Total short-term borrowings		122.0		—		122.0		229.0		—		229.0
GE Term Loan - current maturities		2.2		—		2.2		2.0		—		2.0
Capital leases and other debt financing - current maturities		1.2		—		1.2		2.0		—		2.0
Total current debt		125.4		—		125.4		233.0		—		233.0
Total long-term debt	$	1,546.0	$	20.6	$	1,525.4	$	1,565.0	$	23.7	$	1,541.3

^1.  The outstanding aggregate principal amount of the DSS Notes of $350.0 million was assumed by Cott at fair value of $406.0 million in connection with the DSS Acquisition. The premium of $56.0 million is being amortized as an adjustment to interest expense using the effective interest method over the remaining contractual term of the DSS Notes. The effective interest rate is 7.515%.

Schedule of Long Term Debt Payments in Each of Next Five Years and Thereafter

The long-term debt payments (which include current maturities of long-term debt) required in each of the next five years and thereafter are as follows:

(in millions of U.S. dollars)	Long Term Debt (incl. current)
2016	$	125.4
2017		2.9
2018		2.3
2019		0.2
2020		625.2
Thereafter		875.3
	$	1,631.3