Leslie's, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

Long-Term Debt (Tables)

12 Months Ended

Oct. 02, 2021

Our debt obligations consisted of the following (in thousands, except interest rates):


	Effective Interest Rate (1)				October 2, 2021			October 3, 2020
Term Loan—due on March 9, 2028		3.25	%	(2)	$	805,950		$	811,178
ABL Credit Facility		1.25	%	(3)		—			—
Senior Unsecured Notes						—			390,000
Total long-term debt						805,950			1,201,178
Less: current portion of long-term debt						(8,100	)		(8,341	)
Less: unamortized discount						(3,285	)		(9,348	)
Less: deferred financing charges						(8,440	)		(3,939	)
Long-term debt, net					$	786,125		$	1,179,550

(1)

Effective interest rates as of October 2, 2021.

(2)

Carries interest at a specified margin over LIBOR between 2.50% and 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 October 2, 2021 (in thousands):


	Amount
2022	$	8,100
2023		8,100
2024		6,075
2025		10,125
2026		8,100
Thereafter		765,450
Total	$	805,950