Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt

v3.20.2
Long-Term Debt
6 Months Ended
Jun. 27, 2020
Debt Disclosure [Abstract]  
Long-Term Debt
The following table summarizes the Company’s debt:
June 27, 2020 December 28, 2019
Revolving loans $ 129,000    $ 113,000   
Senior term loan, due 2025 1,042,349    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 2,112    2,275   
1,612,165    1,601,632   
Unamortized premium on 11.6% Junior Subordinated Debentures 15,366    16,110   
Unamortized discount on Senior term loan (7,285)   (8,040)  
Current portion of long term debt, capital leases and finance leases (11,400)   (11,358)  
Deferred financing fees (12,458)   (14,055)  
Total long term debt, net $ 1,596,388    $ 1,584,289   


As of June 27, 2020, there was $1,042,349 outstanding under the 2018 Term Loan. As of June 27, 2020, the Company had $129,000 outstanding under the ABL Revolver along with $19,401 of letters of credit. The Company has approximately $101,599 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.