Our next question comes from the line of Brad Luddington of Keybanc Capital Markets. Please go ahead.
Brad Luddington - KeyBanc Capital Markets
Thank you. Actually, a majority of my questions have been answered. I just wanted to do a quick follow-up on the discounting aspect. I just want to clarify, I mean, you’ve done a great job of stressing I think the value of your brands versus going the discount route and that’s still the approach you are planning on taking in fiscal ’10?
Clarence Otis
Brad, that is, I mean, we have a calendar where we’ve got features throughout the year at all three of our large brands and with those we try to be pretty balanced between value features, features that are pretty much at core menu margin levels, pricing levels, and then for appropriate times of the year, we even have premium features like Lobsterfest, for example, in Red Lobster’s fourth quarter which was again very successful, even as a premium feature in this environment. And so we expect to continue to be balanced. I mean, tactically we will make changes around the edges in terms of do we stress or not stress a price point, do we add or subtract a week at the margins, but those are the kinds of decisions that we have to make every year.
Brad Luddington - KeyBanc Capital Markets
Okay. And then just briefly, are there any scheduled debt payments or anything we should expect significant on that avenue throughout fiscal ’10?
Brad Richmond
Brad this is Brad. Our next maturing debt is in August of 2010. There’s a $150 million note due there and then the following April is a $75 million, so we have some time to deal with that. We also have our revolver, which has $700 million of capacity there and you can see from our release there, we don’t have very much of a draw on that. So should we need to, we can roll that into the revolver but we’ll be opportunistically looking for an opportunity to go back into the debt markets probably later, late in this fiscal year or early in the next fiscal year would be my best guess at this point.
Operator
Our next question comes from the line of Larry Miller of RBC Capital Markets. Please go ahead.
Lawrence Miller - RBC Capital Markets
My questions were answered. Thank you very much.
Operator
Our next question comes from the line of John Ivankoe of J.P. Morgan. Please go ahead.
John Ivankoe - J.P. Morgan
Great, hi, thanks. I guess just given the real estate market and all that we’re hearing out there in terms of prices and opportunities of higher quality sites, I just want to take your temperature in terms of whether we might expect to see Olive Garden, for example, increasing or any other opportunistic increases in your development pipeline, whether we moved throughout the latter half of 2010 and into 2011. That’s the first question. And secondly, could you give detail for us what you are getting out of the Red Lobster remodels? You know, the price that you are paying in terms of the 50 units that you are doing in fiscal ’10 and what kind of sales lift that you are getting for the remodeled units?
Clarence Otis
John this is Clarence. I’ll kick off on just the real estate side. I mean, you’ve got two dynamics. The one that you described, so some real weakness in real estate prices, some good availability because of less competition for the sites. At the same time, you’ve got a lot of developments that are being deferred and so both of those things are going on, which then forms our unit development. We do think we are getting some sites available in some places that typically it’s very difficult to get in, especially on the premium side and so you’ve seen us click up a little bit, Seasons 52, for example that’s part of it. I think as we look to 2011, we do think the net of all of that is that we are likely to see more sites that are attractive rather than fewer across the entire portfolio, and so that’s our current outlook.
Andrew H. Madsen
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