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Indebtedness (Tables)

6 Months Ended

Jul. 01, 2023

Debt consisted of the following:


(in thousands)	July 1, 2023		December 31, 2022
Term Loan Facility	$	577,163	$	814,687
Senior Secured Notes	550,000		—
Advances on Revolving Credit Facility	5,000		42,000
Total face value of debt	1,132,163		856,687
Less: current portion of long-term debt and short-term borrowings	13,250		50,250
Less: unamortized debt issuance costs and debt discount	39,212		23,090
Long-term debt, net	$	1,079,701	$	783,347

Debt Instrument Redemption

On or after February 15, 2025, we may redeem the Notes in whole or in part at the redemption prices set forth below, plus accrued and unpaid interest:


For the period	Redemption Price
February 15, 2025 through February 14, 2026	104.875	%
February 15, 2026 through February 14, 2027	102.438	%
On or after February 15, 2027 and thereafter	100.000	%

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details