Notes Payable and Long-Term Debt (Tables)

12 Months Ended

Dec. 29, 2012

Notes Payable and Long-Term Debt

Notes payable and long-term debt consisted of the following:

	December 29, 2012			December 31, 2011
	(In thousands)
Unsecured debt:
8.75% debentures due 2013	$	155,000		$	155,000
Secured debt:
13.875% notes due 2014		174,904			174,904
8% notes due 2016		315,000			315,000
Revolving credit facility		119,200			69,300
Term loan facilities		867,702			895,500
Contracts and notes, at a weighted average interest rate of 3.3% in 2012 (3.8% in 2011) through 2018		4,052			7,294
Capital lease obligations, at a weighted average interest rate of 2.7% in 2012 (3.0% in 2011)		55,015			57,000
Notes payable, at a weighted average interest rate of 1.3% in 2012 (3.1% in 2011)		19,762			27,969
Unamortized debt discounts		(16,477	)		(22,130	)
		1,694,158			1,679,837
Current maturities, net of unamortized debt discounts		(181,512	)		(38,725	)
	$	1,512,646		$	1,641,112

Carrying Values and Estimated Fair Values of Debt

The carrying values and estimated fair values of Dole’s debt based on level 2 inputs in the fair value hierarchy are summarized below:

	December 29, 2012				December 31, 2011
	Carrying Values		Estimated Fair Values		Carrying Values		Estimated Fair Values
	(In thousands)
Secured and unsecured notes and debentures	$	637,637	$	681,731	$	633,970	$	694,314
Term loans		858,492		867,702		884,304		888,784

Maturities with Respect to Notes Payable and Long-Term Debt

Stated maturities with respect to notes payable and long-term debt as of December 29, 2012 were as follows (in thousands), although all of the senior notes, debentures, term loan facilities and the ABL will be repaid, defeased or discharged in full concurrent with the consummation of the sale transaction,:

Fiscal Year	Amount
2013	$	181,512
2014		185,799
2015		9,604
2016		444,086
2017		11,012
Thereafter		862,145
Total	$	1,694,158