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)

6 Months Ended

Apr. 01, 2023

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


	Effective Interest Rate (1)				April 1, 2023			October 1, 2022			April 2, 2022
Term Loan—due on March 9, 2028		7.34	%	(2)	$	793,800		$	797,850		$	801,900
Revolving Credit Facility		6.61	%	(3)		172,000			—			45,000
Total long-term debt						965,800			797,850			846,900
Less: current portion of long-term debt						(8,100	)		(8,100	)		(8,100	)
Less: noncurrent Revolving Credit Facility						(172,000	)		—			(45,000	)
Less: unamortized discount						(2,562	)		(2,805	)		(3,046	)
Less: deferred financing charges						(6,596	)		(7,219	)		(7,833	)
Total long-term debt, net					$	776,542		$	779,726		$	782,921

(1)

Effective interest rates as of April 1, 2023.

(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 Term SOFR 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 1, 2023 (in thousands):


	Amount
Remainder of fiscal 2023	$	4,050
2024		6,075
2025		182,125
2026		8,100
2027		8,100
Thereafter		757,350
Total	$	965,800