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Debt (Tables)
12 Months Ended
Jan. 28, 2022
Debt Disclosure [Abstract]  
Summary of Company's Borrowing Availability Under ABL Facility

The following table summarizes the Company’s borrowing availability under the ABL Facility:

 

 

 

January 28, 2022

 

January 29, 2021

 

(in thousands)

 

Amount

 

 

Interest Rate

 

Amount

 

 

Interest Rate

 

ABL Facility maximum borrowing

 

$

275,000

 

 

 

 

$

275,000

 

 

 

 

 

Less: Outstanding borrowings

 

 

 

 

—%

 

 

25,000

 

 

 

3.00

%

Less: Outstanding letters of credit

 

 

23,521

 

 

 

 

 

27,131

 

 

 

 

 

Borrowing availability under ABL Facility

 

$

251,479

 

 

 

 

$

222,869

 

 

 

 

 

Schedule of Company's Long Term Debt

The Company’s long-term debt consisted of the following:

 

 

 

January 28, 2022

 

 

January 29, 2021

 

(in thousands)

 

Amount

 

 

Interest Rate

 

 

Amount

 

 

Interest Rate

 

Term Loan Facility

 

$

257,813

 

 

 

10.75

%

 

$

271,563

 

 

 

10.75

%

Less: Current portion of long-term debt

 

 

13,750

 

 

 

 

 

 

 

13,750

 

 

 

 

 

Less: Unamortized debt issuance costs

 

 

9,589

 

 

 

 

 

 

 

12,181

 

 

 

 

 

Long-term debt, net

 

$

234,474

 

 

 

 

 

 

$

245,632

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Schedule of Aggregate Scheduled Maturities

The Company’s aggregate scheduled maturities of the Term Loan Facility and ABL Facility as of January 28, 2022 are as follows:

 

Scheduled maturities

 

 

 

 

 

 

 

 

 

(in thousands)

 

 

 

 

2022

 

$

13,750

 

2023

 

 

13,750

 

2024

 

 

13,750

 

2025

 

 

216,563

 

2026

 

 

 

Total

 

$

257,813