Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt

v3.21.1
Long-Term Debt
 3 Months Ended
Mar. 27, 2021
Debt Disclosure [Abstract]  
Long-Term Debt
The following table summarizes the Company’s debt:
March 27, 2021 December 26, 2020
Revolving loans $ 120,000  $ 72,000 
Senior term loan, due 2025 1,034,392  1,037,044 
6.375% Senior Notes, due 2022 330,000  330,000 
11.6% Junior Subordinated Debentures - Preferred 105,443  105,443 
Junior Subordinated Debentures - Common 3,261  3,261 
Capital & finance leases 1,838  2,044 
1,594,934  1,549,792 
Unamortized premium on 11.6% Junior Subordinated Debentures 14,187  14,591 
Unamortized discount on Senior term loan (6,157) (6,532)
Current portion of long term debt, capital leases and finance leases (11,442) (11,481)
Deferred financing fees (10,064) (10,862)
Total long term debt, net $ 1,581,458  $ 1,535,508 


As of March 27, 2021, there was $1,034,392 outstanding under the 2018 Term Loan. As of March 27, 2021, the Company had $120,000 outstanding under the ABL Revolver along with $25,908 of letters of credit. The Company has approximately $104,092 of available borrowings under the ABL Revolver as a source of liquidity.

Additional information with respect to the fair value of the Company’s fixed rate senior notes and junior subordinated debentures is included in Note 12 - Fair Value Measurements.