v3.22.1
Long-Term Debt (Tables)
12 Months Ended
Dec. 25, 2021
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments

The following table summarizes the Company’s debt:

December 25, 2021 

December 26, 2020 

Revolving loans

$

93,000

$

72,000

Senior Term Loan, due 2025

 

 

1,037,044

Senior Term Loan, due 2028

851,000

6.375% Senior Notes, due 2022

 

 

330,000

11.6% Junior Subordinated Debentures - Preferred

 

 

105,443

Junior Subordinated Debentures - Common

 

 

3,261

Finance leases & other obligations

 

1,782

 

2,044

 

945,782

 

1,549,792

Unamortized premium on 11.6% Junior Subordinated Debentures

 

 

14,591

Unamortized discount on Senior Term Loan

 

(5,948)

 

(6,532)

Current portion of long term debt and capital leases

 

(11,404)

 

(11,481)

Deferred financing fees

 

(21,899)

 

(10,862)

Total long term debt, net

$

906,531

$

1,535,508

Schedule of Maturities of Long-Term Debt

The aggregate minimum principal maturities of the long-term debt obligations for each of the five years following December 25, 2021 are as follows:

Year

    

Amount

2022

$

10,638

2023

 

8,510

2024

 

8,510

2025

 

8,510

2026

 

8,510

Thereafter

 

806,322

$

851,000

Schedule of 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 15 - 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