LONG-TERM DEBT

Long-term debt at November 30, 2015 and 2014 consisted of the following:



		2015		2014
Credit Facility:
	Revolving Credit Facility	$	197,000	$	—
	Term Loans	200,000		395,000
Industrial Revenue Bonds, at weighted average interest rates of 0.30% and 0.22%, respectively, at November 30, 2015 and 2014		7,410		15,820
Other long-term debt		746		743
Total long-term debt		$	405,156	$	411,563

Current portion of long-term debt		$	7,788	$	233
Long-term debt, less current portion		$	397,368	$	411,330

On April 5, 2012, the Company entered into a five-year multicurrency revolving credit agreement with a group of financial institutions. The Company subsequently entered into credit agreement amendments on November 22, 2013 and on May 1, 2014 to add a term loan facility to the revolving credit agreement, and later to increase the size of the term loan facility. On November 2, 2015 the Company entered into an amended and restated credit facility, under which the Company may borrow up to $700,000 under a senior credit facility comprised of a $500,000 multicurrency revolving credit facility (the "Revolving Credit Facility") and $200,000 of term loans (the "Term Loans" and together with the Revolving Credit Facility the "Credit Facility"). The Revolving Credit Facility includes a $50,000 swing-line sub-facility, as well as an accordion feature that will allow the Company to increase the Revolving Credit Facility by a total of up to $100,000, subject to securing additional commitments from existing lenders or new lending institutions. At the Company's election, borrowings under the Revolving Credit Facility and Term Loans bear interest at either (1) a defined base rate, which varies with the highest of the defined prime rate, a specified margin over the federal funds rate, or a specified margin over the London Interbank Offered Rate ("LIBOR"), provided that the defined base rate shall not be less than zero percent, or (2) LIBOR plus an applicable margin determined with reference to the Company's consolidated leverage ratio. Swing line borrowings bear interest at the defined base rate plus an applicable margin. Commitment fees and letter of credit fees are also payable under the Credit Facility. Borrowings under the Credit Facility are unsecured, but are guaranteed by substantially all of the Company's material domestic subsidiaries. The amended and restated credit agreement also contains certain covenants customary to such agreements, including covenants that place limits on the Company's ability to incur additional debt, require the Company to maintain minimum levels of interest coverage, and restrict certain changes in ownership, as well as customary events of default. The principal balance outstanding under the Revolving Credit Facility is payable in full at maturity on November 1, 2020. Principal is payable in respect of the Term Loans in quarterly installments based on specified percentages of the initial principal amount of the Term Loans, and the entire outstanding principal balance of the Term Loans is payable in full at maturity on November 1, 2020.

At November 30, 2015, there was $200,000 of outstanding Term Loans with a weighted average interest rate of approximately 1.44%, there was $197,000 outstanding on the Revolving Credit Facility, and the Company had a remaining borrowing capacity of $295,479. The Credit Facility includes a $50,000 letter of credit sub-facility, against which $7,521 and $16,012 in letters of credit had been issued at November 30, 2015 and 2014, respectively.

As of November 30, 2015 and 2014, industrial revenue bonds issued by the Company include $7,410 issued in cooperation with the Campbellsville-Taylor County Industrial Development Authority (Kentucky) due May 1, 2031 and $0 and $8,410, respectively, re-issued in cooperation with the South Dakota Economic Development Finance Authority due February 1, 2016. The interest rates on these bonds are reset weekly.

Principal maturities of long-term debt as of November 30, 2015 and for the next five fiscal years ending November 30 are as follows:



2016	$	7,788
2017	17,677
2018	20,094
2019	20,060
2020	332,049
Thereafter	7,488
	$	405,156