DEBT

The following table presents the Company's debt:



	February 23, 2020		November 24, 2019
	(Dollars in thousands)
Long-term debt
5.00% senior notes due 2025	$	488,152	$	487,632
3.375% senior notes due 2027	506,240		519,113
Total long-term debt	$	994,392	$	1,006,745
Short-term debt
Short-term borrowings	$	19,341	$	7,621
Total debt	$	1,013,733	$	1,014,366

Senior Revolving Credit Facility

The Company's unused availability under its senior secured revolving credit facility (the "Credit Facility") was $819.5 million at February 23, 2020, as the Company's total availability of $850.0 million was reduced by $30.5 million of letters of credit and other credit usage allocated under the Credit Facility.

In early April, 2020, the Company drew down $300 million on its Credit Facility, leaving it with unused availability of approximately $520 million. As detailed in the Credit Facility, additional draws from the Credit Facility, to the extent they exceed certain levels based on the Company’s borrowing base, could create additional restrictions on the Company, including limitations on (i) certain investment activities, (ii) payment of dividends and (iii) prepayment of certain other indebtedness, in each case without the prior written consent of the lenders.

Interest Rates on Borrowings

The Company’s weighted-average interest rate on average borrowings outstanding during the three months ended February 23, 2020 was 4.88%, as compared to 5.22% during the same period of 2019.