DEBT AND FINANCING OBLIGATIONS (Tables)

3 Months Ended

Aug. 26, 2018

Schedule of debt, including financing obligations

At August 26, 2018 and May 27, 2018, our debt, including financing obligations was as follows (dollars in millions):


	August 26,		May 27,
	2018		2018
Short-term borrowings:
Revolving credit facility	$	—	$	—
Other credit facilities		8.8		9.6
		8.8		9.6
Long-term debt:
Term loan facility, due 2021		624.3		632.8
4.625% senior notes, due 2024		833.0		833.0
4.875% senior notes, due 2026		833.0		833.0
Lamb Weston BSW installment notes		27.2		28.0
		2,317.5		2,326.8
Financing obligations:
4.35% lease financing obligation due May 2030		66.5		66.8
Lease financing obligations due on various dates through 2040 (a)		13.5		12.2
		80.0		79.0

Total debt and financing obligations		2,406.3		2,415.4
Debt issuance costs		(29.3)		(30.4)
Short-term borrowings		(8.8)		(9.6)
Current portion of long-term debt and financing obligations		(38.7)		(38.7)
Long-term debt, excluding current portion	$	2,329.5	$	2,336.7

(a)

The interest rates on our lease financing obligations range from 2.34% to 5.00% as of August 26, 2018 and 2.39% to 5.00% as of May 27, 2018.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details