Restricted Cash Third-Party Financing 4.610% Notes 5.0% Notes We were required to maintain $30.2 million and $28.1 million of restricted cash as of December 28, 2014 and  December 29, 2013, respectively, primarily related to certain collateral requirements for obligations under our  workers’ compensation programs.  Our current indebtedness included senior notes and the repurchase option related to a sale-leaseback of a  portion of our New York headquarters. Our total debt and capital lease obligations consisted of the following: (In thousands, except percentages) Coupon Rate December 28, 2014 December 29, 2013 Current portion of long-term debt and capital lease obligations Senior notes due in 2015, net of unamortized debt costs and discount of $7 in 2014 5.0% $ 223,662 $ GLYPH<151> Short-term capital lease obligations (1) GLYPH<151> 21 Total current portion of debt and capital lease obligations 223,662 21 Long-term debt and capital lease obligations Senior notes due 2015, net of unamortized debt costs and discount of $43 in 2013 5.0% GLYPH<151> 244,057 Senior notes due in 2016, net of unamortized debt costs and discount of $1,566 in 2014 and $2,484 in 2013 6.625% 187,604 205,111 Option to repurchase ownership interest in headquarters building in 2019, net of unamortized debt costs and discount of $17,882 in 2014 and $21,741 in 2013 232,118 228,259 Long-term capital lease obligations 6,736 6,715 Total long-term debt and capital lease obligations 426,458 684,142 Total debt and capital lease obligations $ 650,120 $ 684,163 (1)  Included in GLYPH<147>Accrued expenses and otherGLYPH<148> in our Consolidated Balance Sheets. Based on borrowing rates currently available for debt with similar terms and average maturities, the fair value  of our long-term debt was approximately $527 million as of December 28, 2014, and $819 million as of December 29,  2013. We were in compliance with our covenants under our third-party financing arrangements as of December 28,  2014. On September 26, 2012, we repaid in full all $75.0 million aggregate principal amount of our 4.610% Notes due  on that date.  In 2005, we issued $250.0 million aggregate principal amount of 5.0% Notes due March 15, 2015. During 2014,  we repurchased $20.4 million principal amount of our 5.0% Notes and recorded a $0.3 million pre-tax charge in  connection with the repurchase. During 2012, we repurchased $5.9 million principal amount of our 5.0% Notes and  recorded a $0.4 million pre-tax charge in connection with the repurchase. This charge is included in “Interest expense,  net” in our Consolidated Statements of Operations. The 5.0% Notes may be redeemed, in whole or in part, at any time, at a price equal to 100% of the principal  amount of the notes redeemed, plus accrued and unpaid interest to the redemption date plus a “make-whole”  premium. The 5.0% Notes are not otherwise callable. The 5.0% Notes are subject to certain covenants that, among other things, limit (subject to customary  exceptions) our ability and the ability of certain material subsidiaries to: The Company intends to repay the 5.0% Notes in full at their maturity on March 15, 2015 from cash on hand. THE NEW YORK TIMES COMPANY – P. 43 •  create liens on certain assets to secure debt; and •  enter into certain sale-leaseback transactions.