DEBT (Tables)

6 Months Ended

Jun. 29, 2025

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		Face Value		Book Value
Twin Securitization Notes
Super Senior Debt	10/26/2054	10/25/2027	9.00%		$	12.1	$	11.9	$	12.1	$	12.0
Senior Debt	10/26/2054	10/25/2027	9.00%		269.3		264.3		269.3		265.5
Senior Subordinated Debt	10/26/2054	10/25/2027	10.00%		57.6		54.1		57.6		53.7
Subordinated Debt	10/26/2054	10/25/2027	11.00%		77.7		76.8		77.7		76.6
Total Securitized Debt					416.7		407.1		416.7		407.8

Equipment Notes	5/5/2027 to 7/31/2028	N/A	7.99%-11.50%		4.1		4.1		4.7		4.7
Construction Loan IV	10/1/2025	N/A	12.50	%	—		—		3.2		3.2
Total debt					$	420.8	411.3		$	424.6	415.7
Current portion of long-term debt							(10.2)				(10.7)
Long-term debt							$	401.1			$	405.0

Schedule of Maturities of Long-Term Debt

Scheduled principal maturities of long-term debt for the next five fiscal years are as follows (in millions):


Fiscal Year	Long-Term Debt
Remainder of 2025	$	5.1
2026	10.3
2027	10.4
2028	9.5
2029	8.9

- Definition

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.

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+ Details