Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt, Net (Tables)

v3.22.1
Long-Term Debt, Net (Tables)
6 Months Ended
Apr. 02, 2022
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)

 

 

April 2, 2022

 

 

October 2, 2021

 

 

April 3, 2021

 

Term Loan—due on March 9, 2028

 

 

3.02

%

(2)

$

801,900

 

 

$

805,950

 

 

$

810,000

 

Revolving Credit Facility

 

 

1.25

%

(3)

 

45,000

 

 

 

 

 

 

 

Total long-term debt

 

 

 

 

 

846,900

 

 

 

805,950

 

 

 

810,000

 

Less: current portion of long-term debt

 

 

 

 

 

(8,100

)

 

 

(8,100

)

 

 

(8,100

)

Less: noncurrent Revolving Credit Facility

 

 

 

 

 

(45,000

)

 

 

 

 

 

 

Less: unamortized discount

 

 

 

 

 

(3,046

)

 

 

(3,285

)

 

 

(3,519

)

Less: deferred financing charges

 

 

 

 

 

(7,833

)

 

 

(8,440

)

 

 

(9,042

)

Total long-term debt, net

 

 

 

 

$

782,921

 

 

$

786,125

 

 

$

789,339

 

 

(1)
Effective interest rates as of April 2, 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 April 2, 2022 (in thousands):

 

 

Amount

 

Remainder of fiscal 2022

 

$

4,050

 

2023

 

 

8,100

 

2024

 

 

6,075

 

2025

 

 

55,125

 

2026

 

 

8,100

 

Thereafter

 

 

765,450

 

Total

 

$

846,900