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Long-Term Debt (Tables)
12 Months Ended
Dec. 30, 2023
Debt Disclosure [Abstract]  
Components of Long-Term Debt

The components of the Company’s long-term debt were as follows:

 

 

December 30, 2023

 

 

December 31, 2022

 

 

 

Principal
Balance

 

 

Unamortized
Deferred
Financing
Costs

 

 

Unamortized
Debt Discount

 

 

Effective
Rate
(1)

 

 

Principal
Balance

 

 

Unamortized
Deferred
Financing
Costs

 

 

Unamortized
Debt Discount

 

 

Effective
Rate
(1)

 

Revolving Credit Facility due
   April 13, 2026

 

$

 

 

$

 

 

$

 

 

 

0.00

%

 

$

 

 

$

 

 

$

 

 

 

0.00

%

Term Loan Facility due
   April 13, 2028

 

 

945,000

 

 

 

4,712

 

 

 

9,766

 

 

 

9.21

%

 

 

945,000

 

 

 

5,821

 

 

 

12,064

 

 

 

5.85

%

Senior Secured Notes due
   April 15, 2029

 

 

500,000

 

 

 

4,058

 

 

 

 

 

 

4.70

%

 

 

500,000

 

 

 

4,831

 

 

 

 

 

 

4.70

%

Total

 

$

1,445,000

 

 

$

8,770

 

 

$

9,766

 

 

 

7.64

%

 

$

1,445,000

 

 

$

10,652

 

 

$

12,064

 

 

 

5.45

%

Less: Current portion

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unamortized deferred
   financing costs

 

 

8,770

 

 

 

 

 

 

 

 

 

 

 

 

10,652

 

 

 

 

 

 

 

 

 

 

Unamortized debt discount

 

 

9,766

 

 

 

 

 

 

 

 

 

 

 

 

12,064

 

 

 

 

 

 

 

 

 

 

Total long-term debt

 

$

1,426,464

 

 

 

 

 

 

 

 

 

 

 

$

1,422,284

 

 

 

 

 

 

 

 

 

 

 

(1)
Includes amortization of deferred financing costs and debt discount.
Schedule of Maturities of Long-term Debt

At December 30, 2023, the aggregate amounts of the Company’s existing long-term debt maturing in each of the next five fiscal years and thereafter are as follows:

Fiscal 2024

 

$

 

Fiscal 2025

 

 

 

Fiscal 2026

 

 

 

Fiscal 2027

 

 

10,000

 

Fiscal 2028

 

 

935,000

 

Thereafter

 

 

500,000

 

 

 

$

1,445,000