v3.26.3
TERM DEBT, REVOLVING CREDIT FACILITY AND OTHER NOTES PAYABLE
 9 Months Ended
Sep. 27, 2026
Debt Disclosure [Abstract]  
TERM DEBT, REVOLVING CREDIT FACILITY AND OTHER NOTES PAYABLE TERM DEBT, REVOLVING CREDIT FACILITY AND OTHER NOTES PAYABLE
Term debt and revolving credit facilities consisted of the following:
Debt (in millions)
Original Principal BalanceMaturity Date
As of
September 27, 2026
As of December 28, 2025
Term Loan B (1)
$795.0 January-32$630.3 $630.3 
Real Estate Term Loan (2)
$88.1 October-3253.9 57.0 
Equipment loans (3)
$210.1 155.2 167.0 
Asset based lending (“ABL”) facilityJuly-2840.2 0.2 
Net impact of debt issuance costs and original issue discount(4.0)(4.9)
Total long-term debt875.6 849.6 
Less: current portion(39.3)(31.4)
Long term portion of term debt and financing obligations$836.3 $818.2 
(1) Credit agreement with a syndicate of banks, led by Bank of America, N.A. ("Term Loan B").
(2) Loan by City National Bank which is secured by a majority of the real estate assets of the Company ("Real Estate Term Loan").
(3) Equipment loans have varying maturities from December 2026 to October 2031.
In connection with the Merger (as discussed within Note 2. Pending Merger), the Merger Agreement contemplates that certain of the Company’s existing credit agreements will be amended and restated or repaid and terminated at the closing of the Merger. The classification of the Company’s debt as of September 27, 2026 reflects the terms of the existing credit agreements, as the closing of the Merger had not occurred as of the date these financial statements were issued. See Note 2. Pending Merger.
Other Notes Payable and Finance Leases
Amounts outstanding under notes payable and finance leases consisted of the following:
(in millions)
As of
September 27, 2026
As of December 28, 2025
Note payable – IO notes$10.2 $13.0
Finance lease obligations5.9 7.7
Total notes payable16.1 20.7
Less: current portion(5.7)(6.5)
Long term portion of notes payable$10.4 $14.2
Interest Expense
Interest expense consisted of the following:
(in millions)Thirteen weeks ended September 27, 2026Thirteen weeks ended September 28, 2025Thirty-nine weeks ended September 27, 2026Thirty-nine weeks ended September 28, 2025
Company’s long-term debt$10.6 $10.0 $30.6 $31.8 
Amortization of deferred financing fees0.3 0.3 0.9 1.0 
IO loans0.2 0.3 0.7 0.7 
Total interest$11.1 $10.6 $32.2 $33.5