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LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS (Tables)
12 Months Ended
Dec. 30, 2018
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following components:
 
Maturity
 
December 30, 2018
 
December 31, 2017
Long-term debt and other long-term borrowing arrangements:
 
 
(In thousands)
Senior notes payable, net of premium and discount at 5.75%
2025
 
$
1,002,497

 
$
754,820

Senior notes payable, net of discount at 5.875%
2027
 
843,717

 
600,000

Senior notes payable at 6.25%
2021
 

 
403,444

U.S. Credit Facility (defined below):
 
 
 
 
 
Term note payable at 3.65%
2023
 
500,000

 
780,000

Revolving note payable at 5.25%
2023
 

 
73,262

2016 Mexico Credit Facility (defined below) with notes payable at
TIIE plus 0.95%
2019
 

 
76,307

Moy Park France Invoice Discounting Revolver with payables at
EURIBOR plus 0.8%
2019
 
2,277

 
1,815

Moy Park Credit Agricole Bank Overdraft with notes payable at
EURIBOR plus 1.50%
On Demand
 
88

 

Moy Park Multicurrency Revolving Facility with notes payable at
LIBOR rate plus 2.5%
2018
 

 
9,590

Moy Park Bank of Ireland Revolving Facility with notes payable at
LIBOR or EURIBOR plus 1.25% to 2.00%
2023
 

 

Secured loans with payables at weighted average of 3.73%
Various
 
319

 
873

Capital lease obligations
Various
 
3,707

 
9,239

Long-term debt
 
 
2,352,605

 
2,709,350

Less: Current maturities of long-term debt
 
 
(30,405
)
 
(47,775
)
Long-term debt, less current maturities
 
 
2,322,200

 
2,661,575

Less: Capitalized financing costs
 
 
(27,010
)
 
(25,958
)
Long-term debt, less current maturities, net of capitalized
financing costs:
 
 
$
2,295,190

 
$
2,635,617