LONG-TERM DEBT

Long-term debt consists of the following (in thousands):



	September 23, 2015			June 24, 2015
Revolving credit facility	$	539,250		$	383,750
3.88% notes	299,774			299,766
2.60% notes	249,908			249,899
Capital lease obligations	39,999			40,849
	1,128,931			974,264
Less current installments	(3,521		)	(3,439		)
	$	1,125,410		$	970,825

During the first three months of fiscal 2016, $155.5 million was drawn from the $750 million revolving credit facility primarily to fund the acquisition of Pepper Dining and share repurchases.

The maturity date of the $750 million revolving credit facility is March 12, 2020. The revolving credit facility bears interest of LIBOR plus an applicable margin, which is a function of our credit rating and debt to cash flow ratio, but is subject to a maximum of LIBOR plus 2.00%. Based on our current credit rating, we are paying interest at a rate of LIBOR plus 1.38%. One month LIBOR at September 23, 2015 was approximately 0.19%. As of September 23, 2015, $210.8 million of credit is available under the revolving credit facility.

Our debt agreements contain various financial covenants that, among other things, require the maintenance of certain leverage and fixed charge coverage ratios. We are currently in compliance with all financial covenants.