SUBSEQUENT EVENTS SUBSEQUENT EVENTS

3 Months Ended

Jun. 28, 2014

SUBSEQUENT EVENTS

On June 30, 2014, we modified our existing Credit Agreement by extending the maturity date by approximately two years, extending the principal repayments of the Term Loan, and modifying certain restrictive covenants to allow greater operational flexibility and enhanced near term liquidity. The consolidated balance sheet as of June 28, 2014 reflects the extended repayment schedule. We were in compliance with the leverage and interest coverage ratios specified in the Credit Agreement as well as all other bank covenants as of June 28, 2014 and June 30, 2014. The table below summarizes the key terms of the amended Credit Facility.



($ in millions)	Original Credit Facility		Amended Credit Facility
Term Loan Outstanding at June 30, 2014	$	429.4	$	379.4
Term Loan Maturity Date	August 1, 2017		July 1, 2019
Revolving Credit Facility Limit	$	50.0	$	100.0
Revolving Credit Facility Drawn	$	—	$	50.0
Interest Rate	LIBOR + 1.125% - 1.500%		LIBOR + 1.125% - 1.500%

The modified maturity profile is as follows:



Fiscal year (in thousands)	Term Loan
2015	$	—
2016	14,227
2017	37,941
2018	73,510
2019 and beyond	303,728
	$	429,406