diff --git a/Podfile.lock b/Podfile.lock
index 8279478..2ac8bc2 100644
--- a/Podfile.lock
+++ b/Podfile.lock
@@ -1,10 +1,10 @@
 PODS:
-  - PathKit (0.4.0)
+  - PathKit (0.5.0)
 
 DEPENDENCIES:
-  - PathKit (~> 0.4.0)
+  - PathKit (~> 0.5.0)
 
 SPEC CHECKSUMS:
-  PathKit: bfbf544223c1a9fbf5dd7ff301d9ab1c46603b7d
+  PathKit: 64e70cb924d6faed9251049f5f28662855524baf
 
 COCOAPODS: 0.38.2
diff --git a/Stencil.podspec b/Stencil.podspec
index dbcd860..d1c1411 100644
--- a/Stencil.podspec
+++ b/Stencil.podspec
@@ -11,6 +11,6 @@ Pod::Spec.new do |spec|
   spec.ios.deployment_target = '8.0'
   spec.osx.deployment_target = '10.9'
   spec.requires_arc = true
-  spec.dependency 'PathKit', '~> 0.4.0'
+  spec.dependency 'PathKit', '~> 0.5.0'
 end
 
diff --git a/Stencil/Template.swift b/Stencil/Template.swift
index f0f5f21..ed78845 100644
--- a/Stencil/Template.swift
+++ b/Stencil/Template.swift
@@ -6,12 +6,12 @@ public class Template {
   public let parser:TokenParser
 
   /// Create a template with the given name inside the main bundle
-  public convenience init?(named:String) throws {
+  public convenience init(named:String) throws {
     try self.init(named:named, inBundle:nil)
   }
 
   /// Create a template with the given name inside the given bundle
-  public convenience init?(named:String, inBundle bundle:NSBundle?) throws {
+  public convenience init(named:String, inBundle bundle:NSBundle?) throws {
     var url:NSURL?
 
     if let bundle = bundle {
@@ -25,13 +25,12 @@ public class Template {
 
   /// Create a template with a file found at the given URL
   public convenience init(URL:NSURL) throws {
-    let templateString = try NSString(contentsOfURL: URL, encoding: NSUTF8StringEncoding)
-    self.init(templateString: templateString as String)
+    try self.init(path: Path(URL.absoluteString))
   }
 
   /// Create a template with a file found at the given path
-  public convenience init?(path:Path) throws {
-    self.init(templateString: path.read() ?? "")
+  public convenience init(path:Path) throws {
+    self.init(templateString: try path.read())
   }
 
   /// Create a template with a template string