Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt (Tables)

v3.21.2
Long-Term Debt (Tables)
9 Months Ended
Sep. 25, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table summarizes the Company’s debt:
September 25, 2021 December 26, 2020
Revolving loans $ 74,000  $ 72,000 
Senior term loan, due 2028 851,000  — 
Senior term loan, due 2025 —  1,037,044 
6.375% Senior Notes, due 2022 —  330,000 
11.6% Junior Subordinated Debentures - Preferred —  105,443 
Junior Subordinated Debentures - Common —  3,261 
Capital & finance leases 1,715  2,044 
926,715  1,549,792 
Unamortized premium on 11.6% Junior Subordinated Debentures
—  14,591 
Unamortized discount on Senior term loan (6,183) (6,532)
Current portion of long term debt, capital leases and finance leases (7,174) (11,481)
Deferred financing fees (22,735) (10,862)
Total long term debt, net $ 890,623  $ 1,535,508 
Schedule of (Loss) Gain on Extinguishment of Debt
Additionally, the Company recorded a loss (gain) on extinguishment of debt for each debt instrument included in the refinancing as detailed below. The Company amended it's interest rate swaps in connection with the refinancing, see Note 17 - Derivatives and Hedging for additional details.
Loss (gain) on extinguishment of debt
Term Credit Agreement $ 20,243 
ABL Revolver 288 
6.375% Senior Notes, due 2022
1,083 
11.6% Junior Subordinated Debentures
(13,603)
Interest rate swaps 59 
Total $ 8,070