CALM » Topics » Note 6 - Long-Term Debt

This excerpt taken from the CALM 8-K filed Dec 28, 2005.

Note 6 — Long-Term Debt

The Corporation’s prime borrowing rate at July 2, 2005 and June 26, 2004 was 6.25% and 4.00%, respectively. Also, the Corporation entered into loans that charge interest based on the London Interbank Offered Rate (LIBOR). The twelve month LIBOR rates as of July 2, 2005 and June 26, 2004 were approximately 4.00% and 2.50%, respectively. A summary of long-term debt at July 2, 2005 and June 26, 2004, follows:

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Notes to Financial Statements
Hillandale Farms of Fla., Inc.
July 2, 2005
Lake City, Florida
(Continued)