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v2.4.0.6
Lines of Credit
6 Months Ended
Aug. 25, 2012
Lines of Credit  
Lines of Credit

9) Lines of Credit

 

At August 25, 2012, the Company maintained two uncommitted lines of credit of $100 million each, with expiration dates of September 2, 2012 and February 28, 2013, respectively. Subsequent to the end of the second quarter of fiscal 2012, the expiration date on the line of credit that would have otherwise expired on September 2, 2012 was extended to September 1, 2013. These uncommitted lines of credit are currently and are expected to be used for letters of credit in the ordinary course of business. During the first six months of fiscal 2012, the Company did not have any direct borrowings under the uncommitted lines of credit. Although no assurances can be provided, the Company intends to renew both uncommitted lines of credit before the respective expiration dates.