Note 5 Debt

3 Months Ended

Dec. 28, 2019

Debt

Long-term debt consisted of the following:



	As of
	December 28, 2019		September 28, 2019
	(In thousands)
Term loan due 2023 ("Term Loan"), net of issuance costs	$	365,974	$	370,409
Non-interest bearing promissory notes	15,291		14,916
Total long-term debt	381,265		385,325
Less: Current portion of non-interest bearing promissory notes	15,291		14,916
Current portion of long-term debt	23,437		23,438
Long-term debt	$	342,537	$	346,971

Maturities of the Term Loan as of December 28, 2019 by fiscal year are as follows:



	(In Thousands)
Remainder of 2020	$	18,750
2021	18,750
2022	18,750
2023	14,062
2024	300,000
	$	370,312

As of December 28, 2019, there were no borrowings and $8 million of letters of credit outstanding under the Fourth Amended and Restated Credit Agreement (the "Amended Cash Flow Revolver"). The Amended Cash Flow Revolver provides a committed $375 million Term Loan, which was drawn and outstanding as of December 28, 2019.

As of December 28, 2019, certain foreign subsidiaries of the Company had a total of $72 million of short-term borrowing facilities, under which no borrowings were outstanding.

Debt covenants

The Company's Amended Cash Flow Revolver requires the Company to comply with certain financial covenants. In addition, the Company's debt agreements contain a number of restrictive covenants, including restrictions on incurring additional debt, making investments and other restricted payments, selling assets and paying dividends, subject to certain exceptions. The Company was in compliance with these covenants as of December 28, 2019.