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)

3 Months Ended

Dec. 28, 2024

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


	Effective Interest Rate (1)				December 28, 2024			September 28, 2024			December 30, 2023
Term Loan		7.57	%	(2)	$	756,650		$	783,675		$	787,725
Revolving Credit Facility		5.99	%	(3)		40,000			—			38,000
Total long-term debt						796,650			783,675			825,725
Less: current portion of long-term debt						—			(8,100	)		(8,100	)
Less: noncurrent Revolving Credit Facility						(40,000	)		—			(38,000	)
Less: unamortized discount						(1,690	)		(1,818	)		(2,191	)
Less: deferred financing charges						(4,350	)		(4,692	)		(5,716	)
Total long-term debt, net					$	750,610		$	769,065		$	771,718

(1)

Effective interest rates as of December 28, 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 December 28, 2024 (in thousands):


	Amount
Remainder of fiscal 2025	$	40,000
2026		—
2027		—
2028		756,650
2029		—
Thereafter		—
Total	$	796,650