Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.22.4
Long-Term Debt (Tables)
12 Months Ended
Dec. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
The following table summarizes the Company’s debt:
December 31, 2022 December 25, 2021
Revolving loans $ 72,000  $ 93,000 
Senior Term Loan, due 2028 840,363  851,000 
Finance leases & other obligations1 6,406  1,782 
$ 918,769  $ 945,782 
Unamortized discount on Senior Term Loan (5,012) (5,948)
Current portion of long term debt and finance leases (10,570) (11,404)
Deferred financing fees (18,551) (21,899)
Total long term debt, net $ 884,636  $ 906,531 
(1) The Company entered into an agreement to finance warehouse fixtures and equipment. The agreement has an interest rate of 3.94% and will be repaid through August 31, 2027.
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 its 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 
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 31, 2022 are as follows:
Year Amount
2023 $ 8,902 
2024 8,918 
2025 8,934 
2026 8,951 
2027 80,623 
Thereafter 797,812 
Total $ 914,140 
Note that future finance lease payments were excluded from the maturity schedule above. Refer to Note 10 - Leases.