Quarterly report [Sections 13 or 15(d)]

Long-Term Debt, Net (Tables)

v3.25.2
Long-Term Debt, Net (Tables)
9 Months Ended
Jun. 28, 2025
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 28, 2025

 

 

September 28, 2024

 

 

June 29, 2024

 

Term Loan

 

 

7.19

%

(2)

$

756,650

 

 

$

783,675

 

 

$

783,675

 

Revolving Credit Facility

 

 

6.02

%

(3)

 

20,000

 

 

 

 

 

 

 

Total long-term debt

 

 

 

 

 

776,650

 

 

 

783,675

 

 

 

783,675

 

Less: current portion of long-term debt

 

 

 

 

 

 

 

 

(8,100

)

 

 

(8,100

)

Less: noncurrent Revolving Credit Facility

 

 

 

 

 

(20,000

)

 

 

 

 

 

 

Less: unamortized discount

 

 

 

 

 

(1,436

)

 

 

(1,818

)

 

 

(1,944

)

Less: deferred financing charges

 

 

 

 

 

(3,667

)

 

 

(4,692

)

 

 

(5,033

)

Total long-term debt, net

 

 

 

 

$

751,547

 

 

$

769,065

 

 

$

768,598

 

 

(1)
Effective interest rates as of June 28, 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 June 28, 2025 (in thousands):

 

 

 

Amount

 

Remainder of fiscal 2025

 

$

20,000

 

2026

 

 

 

2027

 

 

 

2028

 

 

756,650

 

2029

 

 

 

Thereafter

 

 

 

Total

 

$

776,650