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Debt The carrying value of our outstanding debt consists of the following: | | | | | | | | | | | | | June 28, 2025 | | December 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 facility | 225,000 | | | — | | Revolving trade accounts receivable-backed financing programs | 303,957 | | | 312,630 | | Lines of credit and other debt | 465,801 | | | 184,860 | | Total debt | 3,730,346 | | | 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.
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