Long-term debt consisted of the following (in millions):


	June 29, 2025								December 29, 2024
	Final Maturity	Anticipated Call Date	Rate		Face Value		Book Value		Book Value
Senior Debt
FB Royalty Securitization	4/25/2051	7/25/2026	4.75	%	$	134.9	$	133.6	$	134.4
GFG Royalty Securitization	7/25/2051	7/25/2026	6.00	%	267.1		263.9		265.2
Twin Peaks Securitization	10/26/2054	10/25/2027	7.00	%	279.4		276.2		277.5
Fazoli's/Native Securitization	7/25/2051	7/27/2026	6.00	%	124.3		124.3		125.4
FB Resid Securitization	7/25/2027		10.00	%	53.9		53.8		53.8
Senior Subordinated Debt
FB Royalty Securitization	4/25/2051	7/25/2026	8.00	%	45.0		43.1		42.7
GFG Royalty Securitization	7/25/2051	7/25/2026	7.00	%	100.6		98.8		98.9
Twin Peaks Securitization	10/26/2054	10/25/2027	9.00	%	57.3		54.1		53.7
Fazoli's/Native Securitization	7/25/2051	7/27/2026	7.00	%	16.2		16.2		24.2
FB Resid Securitization	7/25/2027		10.00	%	56.0		55.9		55.9
Subordinated Debt
FB Royalty Securitization	4/25/2051	7/25/2026	9.00	%	15.5		15.4		15.5
GFG Royalty Securitization	7/25/2051	7/25/2026	9.50	%	44.1		42.1		49.2
Twin Peaks Securitization	10/26/2054	10/25/2027	10.00	%	77.7		71.3		45.6

Total Securitized Debt					1,272.0		1,248.7		1,242.0

Elevation Note	7/19/2026	N/A	6.00	%	1.8		1.7		2.0
Twin Peaks Equipment Notes	5/5/2027 to 7/31/2028	N/A	7.99% to 11.50%		4.1		4.1		4.7

Twin Peaks Construction Loan	10/1/2025	N/A	12.50	%	—		—		3.2

Promissory Note I	7/25/2026	N/A	16.90% to 18.65%		8.5		8.3		6.3
Promissory Note II	7/25/2026	N/A	17.00%% to 18.65%%		4.1		4.0		—
Promissory Note III	6/30/2026	N/A	13.50	%	10.0		9.1		—
Total Debt					$	1,300.5	1,275.9		1,258.2
Current portion of long-term debt							(57.7)		(49.2)
Long-term Debt							$	1,218.2	$	1,209.0

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details