Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt

v3.19.3
Long-Term Debt
9 Months Ended
Sep. 28, 2019
Debt Disclosure [Abstract]  
Long-Term Debt
The following table summarizes the Company’s debt:
 
September 28, 2019
 
December 29, 2018
Revolving loans
$
103,000

 
$
108,200

Senior term loan, due 2025
1,050,306

 
1,058,263

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
2,276

 
1,213

 
1,594,286

 
1,606,380

(Add) unamortized premium on 11.6% Junior Subordinated Debentures
16,466

 
17,498

(Subtract) unamortized discount on Senior term loan
(8,419
)
 
(9,558
)
(Subtract) current portion of long term debt, capital leases and finance leases
(11,284
)
 
(10,985
)
(Subtract) deferred financing fees
(14,852
)
 
(17,251
)
Total long term debt, net
$
1,576,197

 
$
1,586,084




As of September 28, 2019, there was $1,050,306 outstanding under the 2018 Term Loan. As of September 28, 2019, the Company had $103,000 outstanding under the ABL Revolver along with $11,736 of letters of credit. The Company has approximately $35,264 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 13 - Fair Value Measurements.