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Company has outstanding debt in the amount of $250 million as of December 31, 2019, including a term loan in the amount of $150 million

Company has outstanding debt in the amount of $250 million as of December 31, 2019, including a term loan in the amount of $150 million and a bank loan in the amount of $100,000.Neither the term loan or the bank loan require repayment of principal until maturity on January 1, 2025.However, the Company has determined that is has violated a financial covenant included in the term loan as of year-end and that the lender has a right to demand full repayment as a result.In addition, the bank loan includes a cross-default provision which entitles the bank to demand full repayment if the borrower is in violation of any other debt covenants in other arrangements.The Company is however able to obtain an unconditional waiver of the term loan debt covenant violation from the lender in January 2020 prior to the authorization for issuance of the Company's 2019 annual financial statements.What portion of the Company's outstanding debt should be classified as current as of December 31, 2019 under IFRS?

  1. 250 million
  2. 150 million
  3. 100 million
  4. none

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