Long-Term Debt (Tables)

6 Months Ended

May 31, 2019

The principal amount (net of unamortized discounts, premiums and debt issuance costs), stated interest rate and maturity date of outstanding debt are as follows (dollars in thousands):



	May 31, 2019		November 30, 2018
Parent Company Debt:
Senior Notes:
5.50% Senior Notes due October 18, 2023, $750,000 principal	$	743,993	$	743,397
6.625% Senior Notes due October 23, 2043, $250,000 principal	246,744		246,719
Total long-term debt – Parent Company	990,737		990,116

Subsidiary Debt (non-recourse to Parent Company):
Jefferies Group:
8.50% Senior Notes, due July 15, 2019, $644,800 and $680,800 principal	648,382		699,659
2.375% Euro Medium Term Notes, due May 20, 2020, $558,450 and $565,500 principal	557,926		564,702
6.875% Senior Notes, due April 15, 2021, $750,000 principal	783,370		791,814
2.25% Euro Medium Term Notes, due July 13, 2022, $4,468 and $4,524 principal	4,225		4,243
5.125% Senior Notes, due January 20, 2023, $600,000 principal	611,492		612,928
4.85% Senior Notes, due January 15, 2027, $750,000 principal (1)	753,509		709,484
6.45% Senior Debentures, due June 8, 2027, $350,000 principal	372,563		373,669
4.15% Senior Notes, due January 23, 2030, $1,000,000 principal	988,220		987,788
6.25% Senior Debentures, due January 15, 2036, $500,000 principal	511,464		511,662
6.50% Senior Notes, due January 20, 2043, $400,000 principal	420,435		420,625
Structured Notes (2)	819,509		686,170
Jefferies Group Revolving Credit Facility	188,817		183,539
Foursight Capital Credit Facilities	123,579		—
Other	86,756		81,164
Total long-term debt – subsidiaries	6,870,247		6,627,447

Long-term debt	$	7,860,984	$	7,617,563


(1)	Amount includes a loss of $43.8 million and a gain of $22.8 million during the six months ended May 31, 2019 and June 30, 2018, respectively, associated with an interest rate swap based on its designation as a fair value hedge. See Note 4 for further information.


(2)	These structured notes contain various interest rate payment terms and are accounted for at fair value, with changes in fair value resulting from a change in the instrument specific credit risk presented in Accumulated other comprehensive income (loss) and changes in fair value resulting from non-credit components recognized in Principal transactions revenues.