Schedule of Long-term Debt |
Long-term debt and other borrowing arrangements, including current notes payable to banks, consisted of the following components: | | | | | | | | | | | | | | | | | | | Maturity | | December 27, 2020 | | December 29, 2019 | | | | (In thousands) | Senior notes payable, net of premium and discount at 5.75% | 2025 | | $ | 1,001,693 | | | $ | 1,002,095 | | Senior notes payable, net of discount at 5.875% | 2027 | | 845,149 | | | 844,433 | | U.S. Credit Facility (defined below): | | | | | | Term note payable at 1.40% | 2023 | | 450,000 | | | 475,000 | | Revolving note payable at 1.39% | 2023 | | — | | | — | | Moy Park Bank of Ireland Revolving Facility with notes payable at LIBOR or EURIBOR plus 1.25% to 2.00% | 2023 | | — | | | — | | Mexico Credit Facility (defined below) with notes payable at TIIE Rate plus 1.50% | 2023 | | — | | | — | | Secured loans with payables at weighted average of 3.34% | Various | | 38 | | | 948 | | Finance lease obligations | Various | | 1,664 | | | 2,150 | | Long-term debt | | | 2,298,544 | | | 2,324,626 | | Less: Current maturities of long-term debt | | | (25,455) | | | (26,392) | | Long-term debt, less current maturities | | | 2,273,089 | | | 2,298,234 | | Less: Capitalized financing costs | | | (17,543) | | | (22,205) | | Long-term debt, less current maturities, net of capitalized financing costs | | | $ | 2,255,546 | | | $ | 2,276,029 | |
|