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

Jan. 01, 2022

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


	Effective Interest Rate (1)				January 1, 2022			October 2, 2021			January 2, 2021
Term Loan—due on March 9, 2028		3.00	%	(2)	$	803,925		$	805,950		$	809,093
ABL Credit Facility		1.25	%	(3)		—			—			—
Total long-term debt						803,925			805,950			809,093
Less: current portion of long-term debt						(8,100	)		(8,100	)		(8,341	)
Less: unamortized discount						(3,164	)		(3,285	)		(2,317	)
Less: deferred financing charges						(8,134	)		(8,440	)		(3,041	)
Total long-term debt, net					$	784,527		$	786,125		$	795,394

(1)

Effective interest rates as of January 1, 2022.

(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 January 1, 2022 (in thousands):


	Amount
Remainder of fiscal 2022	$	6,075
2023		8,100
2024		6,075
2025		10,125
2026		8,100
Thereafter		765,450
Total	$	803,925