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Borrowings (Tables)
3 Months Ended
Apr. 03, 2022
Debt Instrument [Line Items]  
Components of Borrowings

As of April 3, 2022 and January 3, 2021, the components of borrowings were as follows:

 

 

April 3, 2022

 

 

January 2, 2022

 

Senior Secured Credit Facilities

 

 

 

 

 

Dollar Term Loan Facility

$

1,292.8

 

 

$

1,292.8

 

Euro Term Loan Facility

 

324.8

 

 

 

335.8

 

Revolving Credit Facility

 

 

 

 

 

2028 Notes

 

405.0

 

 

 

405.0

 

2025 Notes

 

240.0

 

 

 

240.0

 

Finance lease obligation

 

0.8

 

 

 

0.7

 

Other long-term borrowings

 

2.2

 

 

 

2.6

 

Unamortized deferred financing costs

 

(20.2

)

 

 

(21.4

)

Unamortized original issue discount

 

(4.9

)

 

 

(5.3

)

Total borrowings

 

2,240.4

 

 

 

2,250.2

 

Less: Current portion

 

(63.2

)

 

 

(63.4

)

Long-term borrowings

$

2,177.1

 

 

$

2,186.7

 

2025 Notes  
Debt Instrument [Line Items]  
Schedule of Redemption Prices Expressed as Percentages of Principal Amount

On or after June 1, 2022, the Issuers have the option to redeem all or part of the 2025 Notes at the following redemption prices (expressed as percentages of principal amount):

 

Year

 

Price

2022

 

103.688%

2023

 

101.844%

2024 and thereafter

 

100.000%

2028 Notes  
Debt Instrument [Line Items]  
Schedule of Redemption Prices Expressed as Percentages of Principal Amount

On or after February 1, 2023, the Issuers have the option to redeem all or part of the 2028 Notes at the following redemption prices (expressed as percentages of principal amount):

 

Year

 

Price

2023

 

103.625%

2024

 

101.813%

2025 and thereafter

 

100.000%