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LONG-TERM DEBT (Tables)
12 Months Ended
Dec. 30, 2012
LONG-TERM DEBT  
Summary of company's long-term debt

 

 

 
   
  Carrying Value  
(in thousands)
  Face Value at
December 30,
2012
  December 30,
2012
  December 25,
2011
 

Notes:

                   

9.00% senior secured notes due in 2022

  $ 910,000   $ 910,000   $  

11.50% senior secured notes due in 2017

    83,595     83,016     843,652  

4.625% notes due in 2014

    66,438     64,326     77,406  

5.750% notes due in 2017

    286,138     273,559     318,624  

7.150% debentures due in 2027

    89,188     83,291     82,891  

6.875% debentures due in 2029

    276,230     256,154     254,903  
               

Long-term debt

  $ 1,711,589   $ 1,670,346   $ 1,577,476  
                   

Less current portion

          83,016      
                 

Total long-term debt, net of current

        $ 1,587,330   $ 1,577,476  
                 
Repurchase of notes

During the year ended December 30, 2012, we repurchased $832.9 million of notes in privately negotiated transactions or through the tender offer, discussed below, as follows:

(in thousands)
  Face Value  

11.50% senior secured notes due in 2017

  $ 767,405  

4.625% notes due in 2014

    15,000  

5.750% notes due in 2017

    50,500  
       

Total notes repurchased

  $ 832,905  
       
Annual maturities of debt

The following table presents the approximate annual maturities of outstanding long-term debt as of December 30, 2012, based upon our required payments, for the next five years and thereafter:

Year   Payments
(in thousands)
 
2013 (1)   $ 83,595  
2014     66,438  
2015      
2016      
2017     286,138  
Thereafter     1,275,418  
       
Debt principal   $ 1,711,589  
       

  • (1)
    As of December 30, 2012, we had committed to redeem our 11.50% Notes with a maturity date in 2017 in January 2013 (as discussed above). Therefore, we have included them in the "2013" column.