v3.25.2
Debt
6 Months Ended
Jun. 28, 2025
Debt Disclosure [Abstract]  
Debt Debt
The carrying value of our outstanding debt consists of the following:
June 28, 2025December 28, 2024
Senior secured notes, 4.75% due 2029, net of unamortized deferred financing costs of $26,723 and $30,232, respectively
$1,973,277 $1,969,768 
Term loan credit facility, net of unamortized discount of $11,318 and $12,020, respectively, and unamortized deferred financing costs of $28,271 and $28,998, respectively
762,311 885,882 
ABL revolving credit facility225,000 — 
Revolving trade accounts receivable-backed financing programs303,957 312,630 
Lines of credit and other debt465,801 184,860 
Total debt3,730,346 3,353,140 
Short-term debt and current maturities of long-term debt(690,801)(184,860)
Total long-term debt$3,039,545 $3,168,280 
In March 2025, we voluntarily repaid $125,000 on our Term Loan Credit Facility. In June 2025, we amended the Term Loan Credit Facility to reduce the interest rate by 50 basis points so that term loans will bear interest at a rate, at our option, based on (i) adjusted Term SOFR plus an applicable margin of 225 basis points, or (ii) the base rate plus an applicable margin of 125 basis points, in each case.