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Subsequent Events
6 Months Ended
Jun. 25, 2022
Subsequent Events  
Subsequent Events

18. Subsequent Events

The Company has evaluated subsequent events after the balance sheet date of June 25, 2022, through the filing date of this report. Other than as described below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited Condensed Consolidated Financial Statements.

Interest Rate Hedge

In July 2022, the Company entered into a cash flow hedge to manage interest rate risk on its variable rate under the Initial First Lien Term Loan Facility. Effective July 29, 2022, the Company transacted an interest rate cap with JPMorgan Chase Bank, N.A. for a notional amount of $240 million, a strike rate of 4.00% and a maturity date of July 31, 2024.