v3.26.3
DEBT
9 Months Ended
Sep. 27, 2026
Debt Disclosure [Abstract]  
DEBT DEBT
On October 14, 2026, we entered into a $600 million senior unsecured delayed draw term loan facility (“Term Loan”). The Term Loan bears interest at a variable rate based on the Secured Overnight Financing Rate (“SOFR”) plus an applicable margin and matures three years from the funding date, which will occur prior to December 23, 2026. The Term Loan’s financial covenants are consistent with our existing senior unsecured revolving credit facility. We will use the proceeds from the Term Loan to repurchase the outstanding $600 million aggregate principal amount of our senior unsecured notes due February 2027. In connection with entering into the Term Loan, we incurred approximately $1 million of debt issuance costs, which will be amortized into interest expense over the three-year term of the Term Loan upon funding the loan.