| Summary of Debt Obligations |
Our debt obligations consisted of the following (in thousands, except interest rates):
|
|
|
Effective
Interest Rate (1)
|
|
|
July 3, 2021
|
|
|
October 3, 2020
|
|
|
June 27, 2020
|
|
|
Term Loan—due on March 9, 2028
|
|
|
3.25
|
%
|
(2)
|
$
|
807,975
|
|
|
$
|
811,178
|
|
|
$
|
815,349
|
|
|
Senior Unsecured Notes
|
|
|
|
|
|
|
—
|
|
|
|
390,000
|
|
|
|
390,000
|
|
|
ABL Credit Facility
|
|
|
1.25
|
%
|
(3)
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Total long-term debt
|
|
|
|
|
|
|
807,975
|
|
|
|
1,201,178
|
|
|
|
1,205,349
|
|
|
Less: current portion of long-term debt
|
|
|
|
|
|
|
(8,100
|
)
|
|
|
(8,341
|
)
|
|
|
(8,341
|
)
|
|
Less: unamortized discount
|
|
|
|
|
|
|
(3,402
|
)
|
|
|
(9,348
|
)
|
|
|
(9,955
|
)
|
|
Less: deferred financing charges
|
|
|
|
|
|
|
(8,742
|
)
|
|
|
(3,939
|
)
|
|
|
(4,273
|
)
|
|
Long-term debt, net
|
|
|
|
|
|
$
|
787,731
|
|
|
$
|
1,179,550
|
|
|
$
|
1,182,780
|
|
|
(1)
|
Effective interest rates as of July 3, 2021.
|
|
(2)
|
Carries interest at a specified margin over LIBOR of 2.75% with a minimum LIBOR of 0.50%.
|
|
(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 Eurodollar Rate loans.
|
|
| 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 July 3, 2021 (in thousands):
|
|
|
Amount
|
|
|
Remainder of Fiscal 2021
|
|
$
|
2,025
|
|
|
2022
|
|
|
8,100
|
|
|
2023
|
|
|
8,100
|
|
|
2024
|
|
|
6,075
|
|
|
2025
|
|
|
10,125
|
|
|
Thereafter
|
|
|
773,550
|
|
|
Total
|
|
$
|
807,975
|
|
|