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)

9 Months Ended

Jul. 01, 2023

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


	Effective Interest Rate (1)				July 1, 2023			October 1, 2022			July 2, 2022
Term Loan		7.97	%	(2)	$	791,775		$	797,850		$	799,875
Revolving Credit Facility		6.83	%	(3)		31,000			—			—
Total long-term debt						822,775			797,850			799,875
Less: current portion of long-term debt						(8,100	)		(8,100	)		(8,100	)
Less: noncurrent Revolving Credit Facility						(31,000	)		—			—
Less: unamortized discount						(2,439	)		(2,805	)		(2,926	)
Less: deferred financing charges						(6,352	)		(7,219	)		(7,527	)
Total long-term debt, net					$	774,884		$	779,726		$	781,322

(1)

Effective interest rates as of July 1, 2023.

(2)

Carries interest at a specified margin over Term SOFR between 2.50% and 2.75% with a minimum SOFR of 0.50% plus a SOFR adjustment.

(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, with a SOFR adjustment.

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 July 1, 2023 (in thousands):


	Amount
Remainder of fiscal 2023	$	2,025
2024		6,075
2025		41,125
2026		8,100
2027		8,100
Thereafter		757,350
Total	$	822,775