| Summary of carrying values and fair values of our revolving credit loans, term loans and senior notes |
The carrying values and fair values of our revolving credit loans, term loans, senior notes and senior secured notes as of July 4, 2026 and January 3, 2026 were as follows (in thousands): | | | | | | | | | | | | | | | | | July 4, 2026 | | | January 3, 2026 | | | | Carrying Value | | Fair Value | | Carrying Value | | Fair Value | | Revolving credit loans | | $ | 330,000 | | $ | 330,000 | (1) | $ | 215,000 | | $ | 215,000 | (1) | Tranche B term loans due 2029 | | | 438,890 | (2) | | 431,758 | (3) | | 440,726 | (2) | | 424,199 | (3) | 5.25% senior notes due 2027 | | | 509,310 | (4) | | 509,310 | (4) | | 509,310 | | | 495,941 | (3) | 8.00% senior secured notes due 2028 | | | 798,656 | (5) | | 799,654 | (3) | | 798,526 | (5) | | 786,548 | (3) | 11.00% senior notes due 2031 | | $ | 464,000 | (6) | $ | 432,680 | (3) | $ | — | | $ | — | |
| (1) | Fair values are estimated based on Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active. |
| (2) | The carrying value of the tranche B term loans includes a discount. At July 4, 2026 and January 3, 2026, the face amount of the tranche B term loans was $442.1 million and $444.4 million, respectively. |
| (3) | Fair values are estimated based on quoted market prices. |
| (4) | During the third quarter of 2026, we redeemed all $509.3 million principal amount of our 5.25% senior notes due 2027. See Note 19, “Subsequent Events.” |
| (5) | The carrying value of the 8.00% senior secured notes due 2028 includes a discount. At July 4, 2026 and January 3, 2026, the face amount of the 8.00% senior secured notes due 2028 was $799.3 million. |
| (6) | The carrying value of the 11.00% senior notes due 2031 includes a discount. At July 4, 2026, the face amount of the 11.00% senior notes due 2031 was $475.0 million. The 11.00% senior notes due 2031 were issued on June 10, 2026. |
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