DEBT

The following table presents the Company's Debt:



	February 26, 2017		November 27, 2016
	(Dollars in thousands)
Long-term debt
Unsecured:
6.875% senior notes due 2022	$	524,318	$	524,396
5.00% senior notes due 2025	482,307		481,860
Total unsecured long-term debt	1,006,625		1,006,256
Total long-term debt	$	1,006,625	$	1,006,256
Short-term debt and current maturities of long-term debt
Unsecured:
Short-term borrowings	$	34,150	$	38,922
Total short-term debt and current maturities of long-term debt	34,150		38,922
Total debt	$	1,040,775	$	1,045,178

Senior Revolving Credit Facility

The Company’s unused availability under its senior secured revolving credit facility was $746.1 million at February 26, 2017, as the Company’s total availability of $799.1 million was reduced by $53.0 million of letters of credit and other credit usage allocated under the credit facility.

Interest Rates on Borrowings

The Company’s weighted-average interest rate on average borrowings outstanding during the three months ended February 26, 2017 was 6.67%, as compared to 6.26% in the same period of 2016.

Subsequent Event - Senior Notes due 2027

On February 28, 2017, the Company issued €475 million in aggregate principal amount of 3.375% senior notes due 2027. On March 3, 2017, the Company completed a tender offer for $370.3 million of the 6.875% senior notes due 2022 and the remaining $154.7 million was called on March 31, 2017 for redemption on May 1, 2017. Refer to Note 14 "Subsequent Events" for more information.