Long-Term Debt Long term debt table (Tables)

9 Months Ended

Sep. 23, 2018

Long-term debt as of September 23, 2018, December 31, 2017, and September 24, 2017 consisted of the following:



(In thousands)	September 23, 2018			December 31, 2017			September 24, 2017

Term debt ⁽¹⁾
April 2017 U.S. term loan averaging 3.59% (due 2017-2024)	$	735,000		$	735,000		$	735,000
Notes
April 2017 U.S. fixed rate notes at 5.375% (due 2027)	500,000			500,000			500,000
June 2014 U.S. fixed rate notes at 5.375% (due 2024)	450,000			450,000			450,000
	1,685,000			1,685,000			1,685,000
Less current portion	(3,750		)	—			—
	1,681,250			1,685,000			1,685,000
Less debt issuance costs and original issue discount	(22,964		)	(24,485		)	(25,374		)
	$	1,658,286		$	1,660,515		$	1,659,626


(1)	The average interest rate is calculated over the life of the instrument and does not reflect the effect of interest rate swap agreements (see Note 6).

- 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