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Debt
3 Months Ended
Feb. 26, 2012
Debt [Abstract]  
DEBT

NOTE 4:  DEBT

 

 

     February 26, November 27,
     2012 2011
     (Dollars in thousands)
 Long-term debt     
 Secured:     
   Senior revolving credit facility$ 100,000 $ 100,000
 Unsecured:      
   Senior term loan due 2014  324,127   324,032
   8.875% senior notes due 2016  350,000   350,000
   4.25% Yen-denominated Eurobonds due 2016  113,971   118,243
   7.75% Euro senior notes due 2018  401,160   400,350
   7.625% senior notes due 2020  525,000   525,000
    Total unsecured  1,714,258   1,717,625
    Total long-term debt$ 1,814,258 $ 1,817,625
 Short-term debt     
   Senior revolving credit facility$ 40,000 $ 100,000
   Short-term borrowings  74,075   54,747
    Total short-term debt$ 114,075 $ 154,747
    Total long-term and short-term debt$ 1,928,333 $ 1,972,372

Senior Revolving Credit Facility

 

The Company's unused availability under its senior secured revolving credit facility was $554.6 million at February 26, 2012, as the Company's total availability of $636.9 million was reduced by $82.3 million of letters of credit and other credit usage allocated under the facility.

 

Interest Rates on Borrowings

 

The Company's weighted-average interest rate on average borrowings outstanding during the three months ended February 26, 2012, was 6.99% as compared to 6.84% in the same period of 2011.