Long-Term Debt (Tables)

9 Months Ended

Aug. 31, 2022

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


	August 31, 2022		November 30, 2021
Parent Company Debt:
Senior Notes:
5.50% Senior Notes due October 18, 2023, $441,748 principal	$	440,748	$	440,120
6.625% Senior Notes due October 23, 2043, $250,000 principal	246,937		246,888
Total long-term debt – Parent Company	687,685		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, $502,225 and $566,150 principal	501,444		564,985
4.50% Callable Note, due July 22, 2025, $6,206 principal	6,147		—
4.85% Senior Notes, due January 15, 2027, $750,000 principal (1)	714,423		775,550
6.45% Senior Debentures, due June 8, 2027, $350,000 principal	364,589		366,556
5.00% Callable Note, due June 16, 2027, $25,000 principal	24,772		—
5.00% Callable Note, due February 17, 2028, $10,018 principal	9,882		—
4.15% Senior Notes, due January 23, 2030, $1,000,000 principal	991,266		990,525
2.625% Senior Notes due October 15, 2031, $1,000,000 principal (1)	922,252		988,059
2.75% Senior Notes, due October 15, 2032, $500,000 principal (1)	401,353		460,724
6.25% Senior Debentures, due January 15, 2036, $488,000 and $495,000 principal	497,800		505,267
6.50% Senior Notes, due January 20, 2043, $391,000 principal	409,588		409,926
Floating Rate Senior Notes, due October 29, 2071	61,712		61,703
Jefferies Group Unsecured Revolving Credit Facility	249,421		348,951
Structured Notes (2)	1,517,410		1,843,598
Jefferies Group Secured Long-term Debt:
Jefferies Group Secured Credit Facilities (3)	800,275		706,608
Jefferies Group Secured Bank Loan	100,000		100,000
HomeFed EB-5 Program debt	208,516		203,132
HomeFed construction loans	102,851		45,581

Vitesse Energy Revolving Credit Facility	64,080		67,572

Total long-term debt – subsidiaries	7,947,781		8,438,737

Long-term debt	$	8,635,466	$	9,125,745

(1) Amounts include net gains of $188.0 million and $38.6 million during the nine months ended August 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.