Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.20.2
Long-Term Debt (Tables)
 12 Months Ended
Sep. 26, 2020
Debt Disclosure [Abstract]  
Components of Long-Term Debt
Long-term debt consists of the following:
September 26, 2020 September 28, 2019
  (in thousands)
Senior notes, interest at 6.125%, payable semi-annually, principal due November 2023
 $ 400,000  $ 400,000 
Senior notes, interest at 5.125%, payable semi-annually, principal due February 2028
 300,000  300,000 
Unamortized debt issuance costs (6,142) (7,158)
Net carrying value 693,858  692,842 
Asset-based revolving credit facility, interest at LIBOR plus a margin of 1.00% to 1.50% or Base Rate plus a margin of 0.0% to 0.50%, final maturity September 2024
 —  — 
Other notes payable 195  308 
Total 694,053  693,150 
Less current portion (97) (113)
Long-term portion $ 693,956  $ 693,037 
Scheduled Principal Repayments on Long-Term Debt
The scheduled principal repayments on long-term debt as of September 26, 2020 are as follows:
(in thousands)
Fiscal year:
2021 $ 97    
2022 80    
2023 18    
2024 400,000 
(1)
2025 —    
Thereafter 300,000    
Total $ 700,195 
(2)

(1)Subsequent to September 26, 2020, the Company repaid the $400 million aggregate principal amount of its 2023 Notes in conjunction with the issuance of its 2030 Notes. See Note 20 - Subsequent Events.
(2)Debt repayments do not reflect the unamortized portion of deferred financing costs associated with the 2023 Notes and 2028 Notes of $6.1 million as of September 26, 2020, of which, $2.5 million is amortizable until November 2023, and $3.4 million is amortizable until February 2028 and is included in the carrying value. In conjunction with the repayment of the $400 million aggregate principal amount of its 2023 Notes subsequent to September 26, 2020, the Company wrote off the $2.5 million of unamortized deferred financing costs related to the 2023 Notes.