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Subsequent Events
6 Months Ended
Jul. 02, 2022
Subsequent Events [Abstract]  
Subsequent Events

16. SUBSEQUENT EVENTS

 

Securitization Facility

 

On August 8, 2022, the Company amended the Securitization Facility to increase the maximum amount available to $175.0 million, subject to maintaining certain borrowing base requirements. All borrowings under this facility will continue to carry variable interest rates tied to BSBY plus an applicable margin.

 

Delayed Draw Term Loan Facility

 

On August 9, 2022, the Company borrowed $60.0 million, under the Delayed Draw Term Loan Facility to replace cash previously used by the Company to complete acquisitions in the fourth quarter of 2021. The remaining available borrowing base of $140.0 million under the Delayed Draw Term Loan Facility is available until July 15, 2023, subject to certain terms and conditions.