| Schedule of Long-Term Obligations |
Long-term obligations consisted of the following as of June 28, 2025 and December 28, 2024, respectively (dollar amounts in thousands):
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Instrument |
Stated
Maturity
Date |
Contractual Interest Rate |
Interest Rate
as of
June 28, 2025 |
June 28, 2025 |
|
December 28, 2024 |
|
2021 Extended Term Loan (1) |
07/2028 |
S + 3.75% |
8.18% |
$ |
885,950 |
|
$ |
890,550 |
|
Second Lien Term Loan (1) |
12/2029 |
S + 7.00% |
11.48% |
|
415,000 |
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|
415,000 |
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Revolving Credit Facility (1) |
04/2028 |
S + 3.75% |
8.18% |
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- |
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|
- |
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Total principal amount of long-term obligations |
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1,300,950 |
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1,305,550 |
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Less: unamortized debt issuance costs |
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(22,258 |
) |
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(24,694 |
) |
Total amount of long-term obligations, net of unamortized debt issuance costs |
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1,278,692 |
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1,280,856 |
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Less: current portion of long-term obligations |
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(9,200 |
) |
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(9,200 |
) |
Total amount of long-term obligations, net of unamortized debt issuance costs, less current portion |
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$ |
1,269,492 |
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$ |
1,271,656 |
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(1) S = Greater of 0.50% or one-month SOFR, plus a credit spread adjustment |
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