Long-Term Debt (Tables)

9 Months Ended

Aug. 31, 2020

Debt Disclosure [Abstract]

Schedule of Indebtedness

The principal amount (net of unamortized discounts, premiums and debt issuance costs), stated interest rate and maturity date of outstanding debt are as follows (dollars in thousands):

	August 31, 2020		November 30, 2019
Parent Company Debt:
Senior Notes:
5.50% Senior Notes due October 18, 2023, $750,000 principal	$	745,558	$	744,606
6.625% Senior Notes due October 23, 2043, $250,000 principal	246,814		246,772
Total long-term debt – Parent Company	992,372		991,378
Subsidiary Debt (non-recourse to Parent Company):
Jefferies Group:
2.375% Euro Medium Term Notes, due May 20, 2020, $0 and $550,875 principal	—		550,622
6.875% Senior Notes, due April 15, 2021, $750,000 principal	761,430		774,738
2.25% Euro Medium Term Notes, due July 13, 2022, $4,774 and $4,407 principal	4,613		4,204
5.125% Senior Notes, due January 20, 2023, $750,000 and $600,000 principal	760,999		610,023
1.00% Euro Medium Term Notes, due July 19, 2024, $569,725 and $550,875 principal	594,965		548,880
4.85% Senior Notes, due January 15, 2027, $750,000 principal (1)	814,873		768,931
6.45% Senior Debentures, due June 8, 2027, $350,000 principal	369,662		371,426
4.15% Senior Notes, due January 23, 2030, $1,000,000 principal	989,342		988,662
6.25% Senior Debentures, due January 15, 2036, $500,000 principal	510,943		511,260
6.50% Senior Notes, due January 20, 2043, $400,000 principal	419,931		420,239
Structured Notes (2)	1,522,105		1,215,285
Jefferies Group Revolving Credit Facility	189,571		189,088
Jefferies Group Secured Bank Loan	50,000		50,000
HomeFed EB-5 Program debt	189,335		140,739
HomeFed construction loan	45,638		—
Foursight Capital Credit Facilities	99,802		98,260
Vitesse Energy Finance Revolving Credit Facility	104,256		103,050
Other	—		276
Total long-term debt – subsidiaries	7,427,465		7,345,683
Long-term debt	$	8,419,837	$	8,337,061

(1)    Amount includes losses of $45.5 million and $72.3 million during the nine months ended August 31, 2020 and 2019, respectively, associated with an interest rate swap based on its designation as a fair value hedge. See Note 4 for further information.

(2)    These structured notes contain various interest rate payment terms and are accounted for at fair value, with changes in fair value resulting from a change in the instrument specific credit risk presented in Accumulated other comprehensive income (loss) and changes in fair value resulting from non-credit components recognized in Principal transactions revenues.