Leslie's, Inc. Quarterly report [Sections 13 or 15(d)]

Quarterly report [Sections 13 or 15(d)]

Long-Term Debt, Net (Tables)

Long-Term Debt, Net (Tables)

6 Months Ended

Mar. 29, 2025

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


	Effective Interest Rate (1)				March 29, 2025			September 28, 2024			March 30, 2024
Term Loan		7.30	%	(2)	$	756,650		$	783,675		$	785,700
Revolving Credit Facility		5.94	%	(3)		101,500			—			97,000
Total long-term debt						858,150			783,675			882,700
Less: current portion of long-term debt						—			(8,100	)		(8,100	)
Less: noncurrent Revolving Credit Facility						(101,500	)		—			(97,000	)
Less: unamortized discount						(1,564	)		(1,818	)		(2,068	)
Less: deferred financing charges						(4,009	)		(4,692	)		(5,375	)
Total long-term debt, net					$	751,077		$	769,065		$	770,157

(1)

Effective interest rates as of March 29, 2025.

(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 March 29, 2025 (in thousands):


	Amount
Remainder of fiscal 2025	$	101,500
2026		—
2027		—
2028		756,650
2029		—
Thereafter		—
Total	$	858,150