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. 30, 2023

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


	Effective Interest Rate (1)				December 30, 2023			September 30, 2023			December 31, 2022
Term Loan		8.21	%	(2)	$	787,725		$	789,750		$	795,825
Revolving Credit Facility		7.25	%	(3)		38,000			—			91,000
Total long-term debt						825,725			789,750			886,825
Less: current portion of long-term debt						(8,100	)		(8,100	)		(8,100	)
Less: noncurrent Revolving Credit Facility						(38,000	)		—			(91,000	)
Less: unamortized discount						(2,191	)		(2,316	)		(2,684	)
Less: deferred financing charges						(5,716	)		(6,058	)		(6,908	)
Total long-term debt, net					$	771,718		$	773,276		$	778,133

(1)

Effective interest rates as of December 30, 2023.

(2)

Carries interest at a specified margin over the Term Secured Overnight Financing Rate (“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 December 30, 2023 (in thousands):


	Amount
Remainder of fiscal 2024	$	4,050
2025		48,125
2026		8,100
2027		8,100
2028		757,350
Thereafter		—
Total	$	825,725