Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2019

Long-term debt as of June 30, 2019, December 31, 2018, and June 24, 2018 consisted of the following:



(In thousands)	June 30, 2019			December 31, 2018			June 24, 2018

Revolving credit facility (due 2022)	$	—		$	—		$	25,000
U.S. term loan averaging 4.24% YTD 2019; 3.83% in 2018; 3.71% YTD 2018 (due 2017-2024) (1)	733,125			735,000			735,000
Notes
2024 U.S. fixed rate notes at 5.375%	450,000			450,000			450,000
2027 U.S. fixed rate notes at 5.375%	500,000			500,000			500,000
2029 U.S. fixed rate notes at 5.250%	500,000			—			—
	2,183,125			1,685,000			1,710,000
Less current portion	(7,500		)	(5,625		)	(1,875		)
	2,175,625			1,679,375			1,708,125
Less debt issuance costs and original issue discount	(27,750		)	(21,807		)	(23,793		)
	$	2,147,875		$	1,657,568		$	1,684,332

(1)

The average interest rates do not reflect the effect of interest rate swap agreements (see Note 7).

- 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