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

Dec. 31, 2022

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


	Effective Interest Rate (1)				December 31, 2022			October 1, 2022			January 1, 2022
Term Loan—due on March 9, 2028		7.23	%	(2)	$	795,825		$	797,850		$	803,925
Revolving Credit Facility		5.99	%	(3)		91,000			—			—
Total long-term debt						886,825			797,850			803,925
Less: current portion of long-term debt						(8,100	)		(8,100	)		(8,100	)
Less: noncurrent Revolving Credit Facility						(91,000	)		—			—
Less: unamortized discount						(2,684	)		(2,805	)		(3,164	)
Less: deferred financing charges						(6,908	)		(7,219	)		(8,134	)
Total long-term debt, net					$	778,133		$	779,726		$	784,527

(1)

Effective interest rates as of December 31, 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 December 31, 2022 (in thousands):


	Amount
Remainder of fiscal 2023	$	6,075
2024		6,075
2025		101,125
2026		8,100
2027		8,100
Thereafter		757,350
Total	$	886,825