DEBT

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



	September 27, 2017			June 28, 2017
Revolving credit facility	$	425,250		$	392,250
5.00% notes	350,000			350,000
3.88% notes	300,000			300,000
2.60% notes	250,000			250,000
Capital lease obligations	45,186			45,417
Total long-term debt	1,370,436			1,337,667
Less unamortized debt issuance costs and discounts	(7,762		)	(8,189		)
Total long-term debt less unamortized debt issuance costs and discounts	1,362,674			1,329,478
Less current installments	(9,015		)	(9,649		)
	$	1,353,659		$	1,319,829

During the first three months of fiscal 2018, net borrowings of $33.0 million were drawn on the $1 billion revolving credit facility primarily to fund share repurchases.

Under the revolving credit facility, $890.0 million of the facility is due on September 12, 2021 and the remaining $110.0 million is due on 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% for a total of 2.61%. One month LIBOR at September 27, 2017 was approximately 1.23%.

As of September 27, 2017, $574.8 million of credit is available under the revolving credit facility. Obligations under our 2.60% notes, which will mature in May 2018, have been classified as long-term, reflecting our ability to refinance these notes through our existing 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.