Leslie's, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt, Net (Tables)

Long-Term Debt, Net (Tables)

9 Months Ended

Jun. 29, 2024

Our long-term debt, net consisted of the following (in thousands, except interest rates):


	Effective Interest Rate (1)				June 29, 2024			September 30, 2023			July 1, 2023
Term Loan		8.19	%	(2)	$	783,675		$	789,750		$	791,775
Revolving Credit Facility		6.72	%	(3)		—			—			31,000
Total long-term debt						783,675			789,750			822,775
Less: current portion of long-term debt						(8,100	)		(8,100	)		(8,100	)
Less: noncurrent Revolving Credit Facility						—			—			(31,000	)
Less: unamortized discount						(1,944	)		(2,316	)		(2,439	)
Less: deferred financing charges						(5,033	)		(6,058	)		(6,352	)
Total long-term debt, net					$	768,598		$	773,276		$	774,884

(1)

Effective interest rates as of June 29, 2024.

(2)

Carries interest at a specified margin over the Term Secured Overnight Financing Rate (“SOFR”) between 2.50% and 2.75% with a minimum SOFR of 0.50% plus a SOFR adjustment.

(3)

Carries interest at a specific margin between 0.25% and 0.75% with respect to base rate loans and between 1.25% and 1.75% with respect to Term SOFR loans, with a SOFR adjustment.

Schedule of Debt Maturities and Principal Repayments of Indebtedness

The following table summarizes the debt maturities and scheduled principal repayments of our indebtedness as of June 29, 2024 (in thousands):


	Amount
Remainder of fiscal 2024	$	2,025
2025		10,125
2026		8,100
2027		8,100
2028		755,325
Thereafter		—
Total	$	783,675