Long-Term Debt (Tables)

6 Months Ended

May 31, 2022

Principal amounts included in the table below are shown net of unamortized discounts, premiums and debt issuance costs (dollars in thousands).


	May 31, 2022		November 30, 2021
Parent Company Debt:
Senior Notes:
5.50% Senior Notes due October 18, 2023, $441,748 principal	$	440,536	$	440,120
6.625% Senior Notes due October 23, 2043, $250,000 principal	246,921		246,888
Total long-term debt – Parent Company	687,457		687,008

Subsidiary Debt (non-recourse to Parent Company):
Jefferies Group Unsecured Long-term Debt:
1.00% Euro Medium Term Notes, due July 19, 2024, $536,850 and $566,150 principal	535,932		564,985
4.85% Senior Notes, due January 15, 2027, $750,000 principal (1)	728,582		775,550
6.45% Senior Debentures, due June 8, 2027, $350,000 principal	365,253		366,556
4.15% Senior Notes, due January 23, 2030, $1,000,000 principal	991,016		990,525
2.625% Senior Notes due October 15, 2031, $1,000,000 principal (1)	932,107		988,059
2.75% Senior Notes, due October 15, 2032, $500,000 principal (1)	409,167		460,724
6.25% Senior Debentures, due January 15, 2036, $495,000 principal	505,033		505,267
6.50% Senior Notes, due January 20, 2043, $391,000 principal	409,702		409,926
Floating Rate Senior Notes, due October 29, 2071	61,709		61,703
Jefferies Group Unsecured Revolving Credit Facility	349,263		348,951
Structured Notes (2)	1,617,020		1,843,598
Jefferies Group Secured Long-term Debt:
Jefferies Group Secured Credit Facilities (3)	822,035		706,608
Jefferies Group Secured Bank Loan	100,000		100,000
HomeFed EB-5 Program debt	207,987		203,132
HomeFed construction loans	77,847		45,581

Vitesse Energy Revolving Credit Facility	81,985		67,572

Total long-term debt – subsidiaries	8,194,638		8,438,737

Long-term debt	$	8,882,095	$	9,125,745

(1) Amounts include net gains of $155.6 million and $52.0 million during the six months ended May 31, 2022 and 2021, respectively, associated with interest rate swaps based on designation as fair value hedges. 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. Gains and losses in the fair value of structured notes resulting from non-credit components are recognized within Other operating activities in the Consolidated Statements of Cash Flow.

(3) Amounts include $82.6 million at November 30, 2021 related to Foursight credit facilities. In the first quarter of 2022, Foursight was transferred to Jefferies Group.