DEBT



	February 23, 2014		November 24, 2013
	(Dollars in thousands)

Long-term debt
Unsecured:
4.25% Yen-denominated Eurobonds due 2016	$	39,112	$	39,545
7.75% Euro senior notes due 2018	411,540		404,430
7.625% senior notes due 2020	525,000		525,000
6.875% senior notes due 2022	534,650		535,041
Total unsecured	1,510,302		1,504,016
Total long-term debt	$	1,510,302	$	1,504,016
Short-term debt
Short-term borrowings	$	35,489	$	41,861
Total short-term debt	$	35,489	$	41,861
Total long-term and short-term debt	$	1,545,791	$	1,545,877

Interest Rates on Borrowings

The Company’s weighted-average interest rate on average borrowings outstanding during the three months ended February 23, 2014, was 7.91% as compared to 6.91% in the same period of 2013.

Senior Secured Revolving Credit Facility

The Company’s unused availability under its senior secured revolving credit facility was $626.0 million at February 23, 2014, as the Company’s total availability of $693.7 million was reduced by $67.7 million of letters of credit and other credit usage allocated under the credit facility.

Subsequent Event – Senior Secured Revolving Credit Facility

On March 21, 2014, the Company amended and restated its senior secured revolving credit facility, extending the term of the credit facility through March 2019, subject to shortening if obligations under the Company's Euro senior notes due 2018 are outstanding on February 13, 2018. The terms of the amended and restated credit facility are similar to the terms under the existing credit facility, except that of the maximum availability of $850.0 million, $350.0 million is secured by the U.S. Levi's^® trademarks, an increase from the $250.0 million stated in the existing credit facility. The interest rate for borrowings under the credit facility was reduced from LIBOR plus 150 – 275 basis points to LIBOR plus 125 – 200 basis points, depending on borrowing base availability, and the range of the rate for undrawn availability was reduced from 37.5 – 50 basis points to 25 – 30 basis points (depending on the Company's credit ratings). Under the terms of the amended and restated credit facility, total availability as of February 23, 2014, would have been enhanced to $839.7 million, based on collateral levels as defined by the agreement.