Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt, Net (Tables)

v3.22.4
Long-Term Debt, Net (Tables)
3 Months Ended
Dec. 31, 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)

 

 

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