Long-Term Debt

As of February 28, 2016, our outstanding long-term debt consisted principally of:


•	$150.0 million of unsecured 6.000 percent senior notes due in August 2035; and


•	$300.0 million of unsecured 6.800 percent senior notes due in October 2037.

During the second and third quarters of fiscal 2016, utilizing the proceeds of the Four Corners cash dividend, cash proceeds from the sale leasebacks of restaurant properties and our corporate headquarters and additional cash on hand, we retired approximately $1.01 billion aggregate principal of long-term debt consisting of:


•	$262.0 million of our variable-rate term loan, maturing in August 2017;


•	$500.0 million of unsecured 6.200 percent senior notes due in October 2017;


•	$121.9 million of unsecured 4.500 percent senior notes due in October 2021;


•	$111.1 million of unsecured 3.350 percent senior notes due in November 2022; and


•	$10.0 million of unsecured 4.520 percent senior notes due in August 2024

We plan to retire the remaining $8.0 million balance of the variable-rate term loan in the fourth quarter of fiscal 2016. This balance is included in current liabilities on our consolidated balance sheet as of February 28, 2016 as current portion of long-term debt.

For the quarter and nine months ended February 28, 2016, we recorded approximately $71.3 million and $106.8 million, respectively of expenses associated with the fiscal 2016 retirements including cash costs of approximately $68.7 million for repurchase premiums, make-whole amounts and hedge settlements and non-cash charges of approximately $38.1 million associated with hedge and loan cost write-offs. These amounts were recorded in interest, net in our consolidated statements of earnings for the quarter and nine months ended February 28, 2016.

For the quarter and nine months ended February 22, 2015, we recorded approximately $0.8 million and $91.3 million, respectively, of expenses associated with the fiscal 2015 retirement of approximately $1.01 billion aggregate principal of long-term debt. These expenses included cash components for repurchase premiums and make-whole amounts of approximately $44.0 million and non-cash charges associated with hedge and loan cost write-offs of approximately $47.3 million. These amounts were recorded in interest, net in our consolidated statements of earnings for the quarter and nine months ended February 22, 2015.