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Debt
 6 Months Ended
Apr. 12, 2020
Debt Disclosure [Abstract]  
Indebtedness INDEBTEDNESS
Long-term debt as of April 12, 2020 and September 29, 2019 consisted of the following (in thousands):
April 12,
2020		September 29,
2019
Class A-2-I Notes$573,563  $575,000  
Class A-2-II Notes274,313  275,000  
Class A-2-III Notes448,875  450,000  
Class A-1 Variable Funding Notes107,876  —  
Finance lease obligations3,330  3,594  
Total debt1,407,957  1,303,594  
Less current maturities of long-term debt(13,819) (774) 
Less unamortized debt issuance costs(25,692) (28,446) 
Long-term debt$1,368,446  $1,274,374  
The Company’s outstanding debt consists of Series 2019-1 3.982% Fixed Rate Senior Secured Notes (the “Class A-2-I Notes”), Series 2019-1 4.476% Fixed Rate Senior Secured Notes, Class A-2-II (the “Class A-2-II Notes”), and Series 2019-1 4.970% Fixed Rate Senior Secured Notes, Class A-2-III (the “Class A-2-III Notes”) and together with the Class A-2-I Notes and the Class A-2-II Notes, (the “Class A-2 Notes”), issued by Jack in the Box Funding, LLC (the “Master Issuer”), a limited-purpose, bankruptcy-remote, wholly owned indirect subsidiary of the Company. In addition, the Master Issuer entered into a revolving financing facility of Series 2019-1 Variable Funding Senior Secured Notes, Class A-1 (the “Variable Funding Notes”), which allows for the drawing of up to $150.0 million under the Variable Funding Notes and the issuance of letters of credit.
As of April 12, 2020 and September 29, 2019, $41.1 million and $45.6 million, respectively, of letters of credit were pledged against the Variable Funding Notes. As of September 29, 2019, we had no outstanding borrowings under our Variable Funding Notes. During the second quarter of 2020, to secure our liquidity position and provide financial flexibility given the uncertain market conditions, we borrowed $107.9 million under the Variable Funding Notes. The Company may use the proceeds from the borrowings for working capital and general corporate purposes. As of April 12, 2020, remaining borrowing availability under our Variable Funding Notes was $1.1 million.