Borrowings and Credit Arrangements (Tables)

6 Months Ended

Mar. 30, 2019

The Company’s borrowings consisted of the following:



	March 30, 2019		September 29, 2018
Current debt obligations, net of debt discount and deferred issuance costs:
Term Loan	$	18.7	$	74.7
Revolver	85.0		300.0
Securitization Program	207.0		225.0
Total current debt obligations	$	310.7	$	599.7
Long-term debt obligations, net of debt discount and deferred issuance costs:
Term Loan	1,469.9		1,376.3
2025 Senior Notes	936.3		935.2
2028 Senior Notes	393.5		393.1
Total long-term debt obligations	$	2,799.7	$	2,704.6
Total debt obligations	$	3,110.4	$	3,304.3

Schedule of Line of Credit Facilities

Interest expense, weighted average interest rate, and interest rate at the end of period under the 2018 and 2017 Credit Agreements in fiscal 2019, and the 2017 Credit Agreement in fiscal 2018 were as follows:



	Three Months Ended						Six Months Ended
	March 30, 2019			March 31, 2018			March 30, 2019			March 31, 2018
Interest expense	$	16.8		$	13.8		$	35.5		$	26.2
Weighted average interest rate	3.86		%	3.08		%	3.84		%	2.96		%
Interest rate at end of period	3.87		%	3.38		%	3.87		%	3.38		%

Schedule Of Interest Expense Under Convertible Notes

Interest expense for the 2028 Senior Notes, 2025 Senior Notes and 2022 Senior Notes is as follows:



			Three Months Ended				Six Months Ended
			March 30, 2019		March 31, 2018		March 30, 2019		March 31, 2018
	Interest Rate		Interest Expense		Interest Expense		Interest Expense		Interest Expense
2028 Senior Notes	4.625	%	$	4.8	$	3.7	$	9.6	$	3.7
2025 Senior Notes	4.375	%	10.9		9.4		21.8		12.9
2022 Senior Notes	5.250	%	—		7.1		—		21.1
Total			$	15.7	$	20.2	$	31.4	$	37.7

Accounts Receivable Securitization Program

Effective April 18, 2019, the Company entered into an amendment to extend the Securitization Program an additional year to April 17, 2020. Under the amendment, the maximum borrowing amount increased to $250.0 million. As a result, on April 26, 2019, the Company borrowed an additional $43.0 million increasing the borrowed amount to the $250.0 million maximum allowed. These additional borrowings were used to to pay down the 2018 Amended Revolver in the same amount.