v3.26.1
Long Term Debt (Tables)
 3 Months Ended
May 02, 2026
Debt Disclosure [Abstract]  
Long Term Debt

Long term debt consists of:

 

 

(in thousands)

 

 

 

May 2,

 

 

January 31,

 

 

May 3,

 

 

 

2026

 

 

2026

 

 

2025

 

Senior secured term loan facility, adjusted SOFR (with a floor of 0.00%) plus 1.75%, matures on September 24, 2031

 

$

1,715,532

 

 

$

1,719,406

 

 

$

1,236,105

 

Convertible senior notes, 1.25%, matures on December 15, 2027

 

 

186,071

 

 

 

297,069

 

 

 

297,069

 

ABL senior secured revolving facility, SOFR plus spread based on average outstanding balance, matures on July 25, 2030

 

 

—

 

 

 

—

 

 

 

100,000

 

Finance lease obligations

 

 

22,140

 

 

 

22,943

 

 

 

24,444

 

Unamortized deferred financing costs

 

 

(6,380

)

 

 

(7,706

)

 

 

(5,741

)

Total long-term debt

 

 

1,917,363

 

 

 

2,031,712

 

 

 

1,651,877

 

Less: current maturities (a)

 

 

(20,020

)

 

 

(19,977

)

 

 

(14,804

)

Long term debt, net of current maturities

 

$

1,897,343

 

 

$

2,011,735

 

 

$

1,637,073

 

 

 

(a)
On December 23, 2025, the Company purchased 178 acres of land in Buckeye, AZ. As part of the consideration for this purchase, the Company entered into a promissory note with the seller for $50.6 million, which was included in the line item "Current maturities of long-term debt and other current debt" on the Consolidated Balance Sheet in the Fiscal 2025 10-K. The promissory note had a stated interest rate of zero percent and was repaid on the maturity date of February 9, 2026. The $50.6 million short-term promissory note is excluded from the balance as of January 31, 2026 in the table above.