DEBT AND CREDIT FACILITIES	6 Months Ended
May 31, 2013
Debt And Credit Facilities [Abstract]
DEBT AND CREDIT FACILITIES	DEBT AND CREDIT FACILITIES Mortgage Note In connection with the purchase of our corporate headquarters in June 2003, we recorded a $54.0 million mortgage note to a financial institution collateralized by the commercial real property acquired. The mortgage note carried a 20-year amortization and a fixed annual interest rate of 5.50%. In May 2013, we repaid the outstanding balance of $34.7 million in full. The balance on the mortgage note was $35.7 million as of November 30, 2012. Credit Facility In December 2011, we and one of our subsidiaries entered into an Amended and Restated Credit Agreement (the “2011 Credit Facility”). In May 2012, we amended certain covenants and other terms of the 2011 Credit Facility. The 2011 Credit Facility matures on December 19, 2016 and provides for borrowings of up to $250.0 million with a sublimit for swing line loans of up to $10.0 million and standby letters of credit in a face amount of up to $50.0 million. We have an option to request that the lenders increase the available commitments by up to an additional $100.0 million for total borrowings of up to $350.0 million. Revolving loans accrue interest at a per annum rate based on, at our option, either (i) the base rate plus a margin ranging from 0.25% to 1.25%, depending on TIBCO’s consolidated leverage ratio or (ii) the London Interbank Offered Rate (“LIBOR”) rate plus a margin ranging from 1.25% to 2.25%, depending on TIBCO’s consolidated leverage ratio, for various interest periods. The base rate is defined as the highest of (i) the administrative agent’s prime rate, (ii) the federal funds rate plus a margin equal to 0.50%, and (iii) the LIBOR rate for a one month interest period plus a margin of 1.00%. We are also obligated to pay commitment fees for the unused amount of the 2011 Credit Facility, letter of credit fees and other customary fees. Loan origination fees and issuance costs of approximately $3.4 million were incurred since consummation of the 2011 Credit Facility which will be amortized through interest expense over a period of 5 years. Under certain circumstances, a default interest rate of 2.00% above the applicable interest rate will apply on all obligations during the existence of an event of default under the 2011 Credit Facility. As of the end of the first fiscal quarter of 2013, we were required to maintain a minimum consolidated interest coverage ratio of 3.5:1.0 and a maximum consolidated leverage ratio of 3.25:1.00 in addition to other customary affirmative and negative covenants. The maximum consolidated leverage ratio decreased to 3.00:1.00 at the beginning of the second fiscal quarter of our fiscal year 2013 and will decrease to 2.75:1.00 at the beginning of the second fiscal quarter of our fiscal year 2014. As of May 31, 2013, we were in compliance with all covenants under the 2011 Credit Facility and we had no outstanding borrowings under the 2011 Credit Facility. Line of Credit We have a $10.0 million revolving line of credit (the “Line of Credit”) that matures in June 2014. The Line of Credit was amended in June 2013 to lower the total available credit amount from $20.0 million. The Line of Credit is available for cash borrowings and for the issuance of letters of credit up to $10.0 million. The Line of Credit contains financial covenants substantially identical to those of the 2011 Credit Facility, as well as other customary affirmative and negative covenants. As of May 31, 2013, we were in compliance with all covenants under the Line of Credit. In connection with the mortgage note, we had entered into an irrevocable letter of credit in the amount of $13.0 million collateralized under the Line of Credit. In May 2013, this letter of credit was terminated in connection with the repayment of the mortgage note. As of May 31, 2013, we had a total of $1.0 million outstanding with respect to letters of credit in connection with sales and lease transactions. Guarantee Credit Line and Restricted Cash We have a revolving guarantee credit line of approximately $15.6 million available for the issuance of bank guarantees denominated in foreign currency. Issued bank guarantees were approximately $13.3 million and $12.5 million as of May 31, 2013 and November 30, 2012, respectively, and were collateralized by pledging the equivalent amount under restricted cash as required under our guarantee credit line. Various other contractual commitments also require us to pledge cash as security and record this cash under restricted cash. As of May 31, 2013 and November 30, 2012, we had restricted cash of $15.3 million and $14.6 million, respectively, which is included in Other Assets on our Condensed Consolidated Balance Sheets.

DEBT AND CREDIT FACILITIES

Mortgage Note

In connection with the purchase of our corporate headquarters in June 2003, we recorded a $54.0 million mortgage note to a financial institution collateralized by the commercial real property acquired. The mortgage note carried a 20-year amortization and a fixed annual interest rate of 5.50%. In May 2013, we repaid the outstanding balance of $34.7 million in full. The balance on the mortgage note was $35.7 million as of November 30, 2012.

Credit Facility

In December 2011, we and one of our subsidiaries entered into an Amended and Restated Credit Agreement (the “2011 Credit Facility”). In May 2012, we amended certain covenants and other terms of the 2011 Credit Facility. The 2011 Credit Facility matures on December 19, 2016 and provides for borrowings of up to $250.0 million with a sublimit for swing line loans of up to $10.0 million and standby letters of credit in a face amount of up to $50.0 million. We have an option to request that the lenders increase the available commitments by up to an additional $100.0 million for total borrowings of up to $350.0 million.

Revolving loans accrue interest at a per annum rate based on, at our option, either (i) the base rate plus a margin ranging from 0.25% to 1.25%, depending on TIBCO’s consolidated leverage ratio or (ii) the London Interbank Offered Rate (“LIBOR”) rate plus a margin ranging from 1.25% to 2.25%, depending on TIBCO’s consolidated leverage ratio, for various interest periods. The base rate is defined as the highest of (i) the administrative agent’s prime rate, (ii) the federal funds rate plus a margin equal to 0.50%, and (iii) the LIBOR rate for a one month interest period plus a margin of 1.00%. We are also obligated to pay commitment fees for the unused amount of the 2011 Credit Facility, letter of credit fees and other customary fees. Loan origination fees and issuance costs of approximately $3.4 million were incurred since consummation of the 2011 Credit Facility which will be amortized through interest expense over a period of 5 years. Under certain circumstances, a default interest rate of 2.00% above the applicable interest rate will apply on all obligations during the existence of an event of default under the 2011 Credit Facility.

As of the end of the first fiscal quarter of 2013, we were required to maintain a minimum consolidated interest coverage ratio of 3.5:1.0 and a maximum consolidated leverage ratio of 3.25:1.00 in addition to other customary affirmative and negative covenants. The maximum consolidated leverage ratio decreased to 3.00:1.00 at the beginning of the second fiscal quarter of our fiscal year 2013 and will decrease to 2.75:1.00 at the beginning of the second fiscal quarter of our fiscal year 2014. As of May 31, 2013, we were in compliance with all covenants under the 2011 Credit Facility and we had no outstanding borrowings under the 2011 Credit Facility.

Line of Credit

We have a $10.0 million revolving line of credit (the “Line of Credit”) that matures in June 2014. The Line of Credit was amended in June 2013 to lower the total available credit amount from $20.0 million. The Line of Credit is available for cash borrowings and for the issuance of letters of credit up to $10.0 million. The Line of Credit contains financial covenants substantially identical to those of the 2011 Credit Facility, as well as other customary affirmative and negative covenants. As of May 31, 2013, we were in compliance with all covenants under the Line of Credit.

In connection with the mortgage note, we had entered into an irrevocable letter of credit in the amount of $13.0 million collateralized under the Line of Credit. In May 2013, this letter of credit was terminated in connection with the repayment of the mortgage note.

As of May 31, 2013, we had a total of $1.0 million outstanding with respect to letters of credit in connection with sales and lease transactions.

Guarantee Credit Line and Restricted Cash

We have a revolving guarantee credit line of approximately $15.6 million available for the issuance of bank guarantees denominated in foreign currency. Issued bank guarantees were approximately $13.3 million and $12.5 million as of May 31, 2013 and November 30, 2012, respectively, and were collateralized by pledging the equivalent amount under restricted cash as required under our guarantee credit line. Various other contractual commitments also require us to pledge cash as security and record this cash under restricted cash. As of May 31, 2013 and November 30, 2012, we had restricted cash of $15.3 million and $14.6 million, respectively, which is included in Other Assets on our Condensed Consolidated Balance Sheets.