XML 70 R38.htm IDEA: XBRL DOCUMENT v3.19.1
LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS (Tables)
3 Months Ended
Mar. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Long-term debt and other borrowing arrangements, including current notes payable to banks, consisted of the following components: 
 
Maturity
 
March 31, 2019
 
December 30, 2018
 
 
 
(In thousands)
Long-term debt and other long-term borrowing arrangements:
 
 
 
 
 
     Senior notes payable, net of premium and discount at 5.75%
2025
 
$
1,002,396

 
$
1,002,497

Senior notes payable, net of discount at 5.875%
2027
 
843,896

 
843,717

U.S. Credit Facility (defined below):
 
 


 


Term note payable at 3.65%
2023
 
493,750

 
500,000

Revolving note payable at 5.25%
2023
 

 

Moy Park Bank of Ireland Revolving Facility with notes payable at
LIBOR or EURIBOR plus 1.25% to 2.00%
2023
 
14,471

 

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

 
2,277

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

 
88

Mexico Credit Facility (defined below) with notes payable at
TIIE plus 0.95%
2023
 

 

Secured loans with payables at weighted average of 3.80%
Various
 
2,990

 
319

Finance lease obligations
Various
 
152

 
3,707

Long-term debt
 
 
2,357,655

 
2,352,605

Less: Current maturities of long-term debt
 
 
(27,637
)
 
(30,405
)
Long-term debt, less current maturities
 
 
2,330,018

 
2,322,200

Less: Capitalized financing costs
 
 
(26,283
)
 
(27,010
)
Long-term debt, less current maturities, net of capitalized
financing costs:
 
 
$
2,303,735

 
$
2,295,190