LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 27, 2025

LONG-TERM DEBT

Schedule of Long-Term Debt

	December 27,		December 28,
	2025		2024
5.00% senior unsecured notes due in fiscal 2044 (a)	$	450,000	$	450,000
5.25% senior unsecured notes due in fiscal 2054 (b)		305,000		305,000
Unamortized discount on 5.00% and 5.25% senior unsecured notes (a) (b)		(18,790)		(19,239)
Revolving credit agreement (c)		65,000		—
Other notes		555		1,246
Debt issuance costs		(6,102)		(6,374)
Long-term debt		795,663		730,633
Less: Current installments of long-term debt		513		692
Long-term debt, excluding current installments	$	795,150	$	729,941

(a) The 5.00% senior unsecured notes due in fiscal 2044 have an aggregate principal amount of $450,000, with an unamortized discount balance of $11,814 as of December 27, 2025. These notes bear interest at 5.00% per annum and are due on October 1, 2044. The discount will be amortized and recognized as interest expense over the term of the notes as interest payments are made. The notes may be repurchased prior to maturity, in whole or in part, at any time at 100% of their principal amount, plus a make-whole premium and accrued interest. These notes are guaranteed by certain subsidiaries of the Company.

(b) The 5.25% senior unsecured notes due in fiscal 2054 have an aggregate principal amount of $305,000, with an unamortized discount balance of $6,976 as of December 27, 2025. These notes bear interest at 5.25% per annum and are due on October 1, 2054. The discount will be amortized and recognized as interest expense over the term of the notes as interest payments are made. The notes may be repurchased prior to maturity, in whole or in part, at any time at 100% of their principal amount, plus a make-whole premium and accrued interest. These notes are guaranteed by certain subsidiaries of the Company.

(c) On July 10, 2025, the Company along with its wholly owned subsidiaries Valmont Industries Holland B.V. and Valmont Group Pty. Ltd., as borrowers, amended and restated the revolving credit agreement with the Company’s lenders. The maturity date of the revolving credit facility was extended to July 10, 2030. This facility provides for $800,000 in committed unsecured revolving credit loans, with available borrowings of up to $400,000 in foreign

currencies. The Company may increase the credit facility by up to an additional $400,000 at any time, subject to lenders agreeing to increase their commitments. The interest rate on the borrowings will be, at the Company’s option:

(i) the term Secured Overnight Financing Rate (“SOFR”), based on a one-, three-, or six-month period, as selected by the Company, and a spread of 100 to 162.5 basis points, depending on the credit rating of the Company’s senior unsecured long-term debt published by S&P Global Ratings and Moody’s Ratings;

(ii) the higher of

● the prime lending rate,

● the overnight bank rate plus 50 basis points, or

● term SOFR (based on a one-month period) plus 100 basis points,

plus, in each case, 0 to 62.5 basis points, depending on the credit rating of the Company’s senior unsecured long-term debt published by S&P Global Ratings and Moody’s Ratings; or

(iii) daily simple SOFR and a spread of 100 to 162.5 basis points, depending on the credit rating of the Company’s senior unsecured long-term debt published by S&P Global Ratings and Moody’s Ratings.