Debt (Tables)

9 Months Ended

Sep. 29, 2023

Schedule of Debt including Capital Lease Obligation

(1)As a result of the 2023 Chapter 11 Cases, the Company expensed $377.6 million of accelerated accretion to adjust the carrying value up to the principal value or allowed claim amount pursuant to the 2023 Plan and recorded the expense within in reorganization items, net in the unaudited condensed consolidated statement of operations for the three months ended September 29, 2023 (Successor).

(2)As a result of the 2023 Chapter 11 Cases, the Company expensed $18.5 million of unamortized discount and debt issuance costs, net, recorded in reorganization items, net in the unaudited condensed consolidated statement of operations for the three months ended September 29, 2023 (Successor).

(3)In connection with the 2023 Chapter 11 Cases, $3,512.0 million of outstanding debt instruments have been reclassified to LSTC in the Company's unaudited consolidated balance sheet as of September 29, 2023 (Successor). Up to the Petition Date, the Company continued to accrue interest expense in relation to the second lien secured notes reclassified to LSTC. The Company continues to accrue and pay interest on the outstanding first lien senior secured debt instruments classified as LSTC in conjunction with the cash collateral order. Refer to Note 2 for further information.

Schedule of Applicable Interest Rate on Variable-rate Debt

As of September 29, 2023 (Successor), the applicable interest rate and outstanding principal on the Company's debt instruments were as follows:


	Applicable Interest Rate		Outstanding Principal
Fixed-rate instruments	10.54	%	$	1,795.2
Debtor-in-Possession Financing due November 2023	13.44		280.0
Receivables financing facility due December 2023	8.75		100.0
2017 Replacement Term Loan due September 2027 (1)	11.94		1,356.7
2018 Replacement Term Loan due September 2027 (1)	12.19		360.1

(1)Includes the impact of the interest rate cap agreement, which is discussed further in Note 13.