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LONG-TERM DEBT AND OTHER BORROWING ARRANGEMENTS (Tables)
12 Months Ended
Dec. 29, 2019
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
Long-term debt consisted of the following components:
 
Maturity
 
December 29, 2019
 
December 30, 2018
Long-term debt and other long-term borrowing arrangements:
 
 
(In thousands)
Senior notes payable, net of premium and discount at 5.75%
2025
 
$
1,002,095

 
$
1,002,497

Senior notes payable, net of discount at 5.875%
2027
 
844,433

 
843,717

U.S. Credit Facility (defined below):
 
 
 
 
 
Term note payable at 2.94%
2023
 
475,000

 
500,000

Revolving note payable at 5.00%
2023
 

 

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

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

 

Mexico Credit Facility (defined below) with notes payable at
TIIE Rate plus 1.50%
2023
 

 

Secured loans with payables at weighted average of 3.34%
Various
 
948

 
319

Capital/finance lease obligations
Various
 
2,150

 
3,707

Long-term debt
 
 
2,324,626

 
2,352,605

Less: Current maturities of long-term debt
 
 
(26,392
)
 
(30,405
)
Long-term debt, less current maturities
 
 
2,298,234

 
2,322,200

Less: Capitalized financing costs
 
 
(22,205
)
 
(27,010
)
Long-term debt, less current maturities, net of capitalized
financing costs
 
 
$
2,276,029

 
$
2,295,190