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Indebtedness
6 Months Ended
Mar. 28, 2026
Debt Disclosure [Abstract]  
Indebtedness Indebtedness
We maintain short-term line of credit facilities with banks throughout the world that are principally demand lines subject to revision by the banks.

Long-term debt consists of:
March 28,
2026
September 27,
2025
Revolving loan (Credit Facility)$— $195,000 
Term loan (Credit Facility)250,000 250,000 
Revolving loan (SECT)1,000 1,000 
Senior notes 5.50%500,000 — 
Senior notes 4.25%500,000 500,000 
Senior debt1,251,000 946,000 
Less deferred debt issuance cost(11,175)(314)
Less current installments(500,000)(1,563)
Long-term debt$739,825 $944,123 

On February 26, 2026, we entered into the Eighth Amended and Restated Loan Agreement (the "Credit Facility"), which amended and restated our prior credit agreement and, among other things, extended the maturity date of our revolving loan from October 27, 2027 to February 26, 2031. The revolving loan has aggregate commitments of $1,100,000. The agreement also permits us to request incremental revolving commitments and/or one or more incremental term loan facilities in an aggregate amount of up to $400,000, upon satisfaction of certain conditions. The agreement also includes a $250,000 term loan maturing on February 26, 2031. The term loan amortizes in quarterly installments of $4,688 in 2027, $6,250 in 2028, $10,938 in 2029, $9,375 in 2030, $6,250 in 2031 and the remaining balance on the maturity date of February 26, 2031. Interest on our outstanding revolving loan and term loan borrowings is based on SOFR plus the applicable margin. The revolving loan and term loan are secured by substantially all our U.S. assets and contain various covenants which, among others, specify interest coverage and maximum leverage. As of March 28, 2026, we were in compliance with all covenants.

The SECT has a revolving loan with a borrowing capacity of $25,000. On December 1, 2025, the SECT amended the revolving loan and extended the maturity date from October 26, 2026 to April 24, 2027. Interest is based on SOFR plus an applicable margin. A commitment fee is also charged based on a percentage of the unused amounts available and is not material.

On March 24, 2026, we completed the sale of $500,000 aggregate principal amount of 5.50% senior notes due October 15, 2034. Interest on the senior notes is payable semiannually on April 15 and October 15 of each year, beginning on October 15, 2026. The senior notes are senior unsecured obligations and are guaranteed on a senior unsecured basis by certain subsidiaries that are guarantors under the indenture. The indenture governing the senior notes contains certain restrictive covenants that, subject to important exceptions and limitations, limit our ability and the ability of certain of our subsidiaries to incur certain liens, enter into certain sale and leaseback transactions and consolidate, merge or sell substantially all of our assets. As of March 28, 2026, we were in compliance with all covenants under the indenture.

On March 4, 2026, we issued a notice of redemption to holders of our 4.25% senior notes due on December 15, 2027, to redeem and retire all of the outstanding notes. The notes were redeemed on April 3, 2026 at a redemption price equal to 100.00% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date, pursuant to an early redemption right. We redeemed the $500,000 aggregate principal amount of the notes using net proceeds available from the issuance of the 5.50% senior notes, together with cash on hand.