Quarterly report pursuant to Section 13 or 15(d)

Long-Term Debt

v3.20.2
Long-Term Debt
 9 Months Ended
Sep. 26, 2020
Debt Disclosure [Abstract]  
Long-Term Debt
The following table summarizes the Company’s debt:
September 26, 2020 December 28, 2019
Revolving loans $ 97,000  $ 113,000 
Senior term loan, due 2025 1,039,696  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 2,035  2,275 
1,577,435  1,601,632 
Unamortized premium on 11.6% Junior Subordinated Debentures 14,984  16,110 
Unamortized discount on Senior term loan (6,908) (8,040)
Current portion of long term debt, capital leases and finance leases (11,423) (11,358)
Deferred financing fees (11,660) (14,055)
Total long term debt, net $ 1,562,428  $ 1,584,289 


As of September 26, 2020, there was $1,039,696 outstanding under the 2018 Term Loan. As of September 26, 2020, the Company had $97,000 outstanding under the ABL Revolver along with $19,401 of letters of credit. The Company has approximately $133,599 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.