LONG-TERM DEBT AND REVOLVING CREDIT FACILITY

At November 26, 2017, we had a revolving credit facility (the "Facility") with a syndicate of financial institutions that provides for a maximum aggregate principal amount outstanding at any one time of $1.25 billion (subject to increase to a maximum aggregate principal amount of $1.75 billion with the consent of the lenders). As of November 26, 2017, we were in compliance with all financial covenants under the Facility.

During the second quarter of fiscal 2018, we issued $500.0 million aggregate principal amount of floating rate notes due October 9, 2020. The notes bear interest at a rate equal to three-month LIBOR plus 0.50% per annum.

During the third quarter of fiscal 2017, we repaid the remaining principal balance of $224.8 million of our 5.819% senior notes due 2017 and $248.2 million principal amount of our 7.0% senior notes due 2019, in each case prior to maturity, resulting in a net loss on early retirement of debt of $32.7 million.

In connection with the Spinoff (see Note 3), Lamb Weston issued to us $1.54 billion aggregate principal amount of senior notes (the "Lamb Weston notes"). On November 9, 2016, we exchanged the Lamb Weston notes for $250.2 million aggregate principal amount of our 5.819% senior notes due 2017, $880.4 million aggregate principal amount of our 1.9% senior notes due 2018, $154.9 million aggregate principal amount of our 2.1% senior notes due 2018, $86.9 million aggregate principal amount of our 7.0% senior notes due 2019, and $71.1 million aggregate principal amount of our 4.95% senior notes due 2020 (collectively, the "Conagra notes"), which had been purchased in the open market by certain investment banks prior to the Spinoff. Following the exchange, we canceled the Conagra notes. These actions resulted in a net loss of $60.6 million as a cost of early retirement of debt.

Net interest expense from continuing operations consists of:



	Thirteen weeks ended						Twenty-six weeks ended
	November 26, 2017			November 27, 2016			November 26, 2017			November 27, 2016
Long-term debt	$	39.4		$	56.6		$	77.5		$	117.5
Short-term debt	0.7			0.2			1.1			0.4
Interest income	(1.1		)	(0.8		)	(2.0		)	(1.5		)
Interest capitalized	(1.0		)	(1.9		)	(2.2		)	(4.1		)
	$	38.0		$	54.1		$	74.4		$	112.3