BANK BORROWINGS, LONG-TERM DEBT & CAPITAL LEASE OBLIGATIONS

6 Months Ended

Sep. 28, 2012

BANK BORROWINGS, LONG-TERM DEBT & CAPITAL LEASE OBLIGATIONS

BANK BORROWINGS, LONG-TERM DEBT & CAPITAL LEASE OBLIGATIONS

5. BANK BORROWINGS, LONG-TERM DEBT & CAPITAL LEASE OBLIGATIONS

Bank borrowings and long-term debt are as follows:

	As of			As of
	September 28, 2012			March 31, 2012
	(In thousands)
Term Loan, including current portion, due in installments through October 2014	$	1,173,425		$	1,179,595
New Term Loan, including current portion, due in installments through October 2016	531,250			487,500
Asia Term Loans	376,000			377,000
Outstanding under revolving line of credit	—			140,000
Other	4,763			4,578
	2,085,438			2,188,673
Current portion	(215,840		)	(39,340		)
Non-current portion	$	1,869,598		$	2,149,333

New Term Loan due October 2016

On September 28, 2012, the Company increased the limit on its New Term Loan maturing in October 2016 by $50.0 million and borrowed the entire incremental amount.

Asia Term Loans

As of September 28, 2012, there were $376.0 million in borrowings outstanding under the Company’s Asia term loans, of which $174.0 million will be due in September 2013.  Accordingly, this amount is classified as bank borrowings, current portion of long-term debt and capital leases on the condensed consolidated balance sheet as of September 28, 2012.

Revolving Line of Credit

During the quarter ended September 28, 2012, the Company repaid all amounts outstanding under its $1.5 billion revolving line of credit facility.