Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt, Net (Tables)

v3.24.2.u1
Long-Term Debt, Net (Tables)
9 Months Ended
Jun. 29, 2024
Debt Disclosure [Abstract]  
Summary of Long-Term Debt, Net

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