v3.20.1
Long-Term Debt
 3 Months Ended
Mar. 28, 2020
Debt Disclosure [Abstract]  
Long-Term Debt
The following table summarizes the Company’s debt:
 
March 28, 2020
 
December 28, 2019
Revolving loans
$
147,500

 
$
113,000

Senior term loan, due 2025
1,045,001

 
1,047,653

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
2,213

 
2,275

 
1,633,418

 
1,601,632

Unamortized premium on 11.6% Junior Subordinated Debentures
15,742

 
16,110

Unamortized discount on Senior term loan
(7,662
)
 
(8,040
)
Current portion of long term debt, capital leases and finance leases
(11,388
)
 
(11,358
)
Deferred financing fees
(13,257
)
 
(14,055
)
Total long term debt, net
$
1,616,853

 
$
1,584,289




As of March 28, 2020, there was $1,045,001 outstanding under the 2018 Term Loan. As of March 28, 2020, the Company had $147,500 outstanding under the ABL Revolver along with $19,401 of letters of credit. The Company has approximately $83,099 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.