4. LONG-TERM DEBT

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


	March 28, 2012			June 29, 2011
Term loan	$	243,750		$	185,000
5.75% notes		289,671			289,557
Capital lease obligations		48,538			50,106

		581,959			524,663
Less current installments		(27,272	)		(22,091	)

	$	554,687		$	502,572

In August 2011, we executed a revised unsecured senior credit facility increasing the total capacity from $400 million to $500 million. The maturity date of the revised facility is August 2016. The facility includes a $250 million revolver and a $250 million term loan. The revised term loan and revolving credit facility bear 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 2.50%. Based on our current credit rating, we are paying interest at a rate of LIBOR plus 1.63%. One month LIBOR at March 28, 2012 was approximately 0.24%. We also expensed $0.4 million of debt issuance costs associated with the initial borrowing due to changes in the composition and lending allocation within the bank syndicate. As of March 28, 2012, $250 million was available under our revolving credit facility. In April 2012, we borrowed $40 million from the revolver to fund share repurchases.