Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.21.2
Long-Term Debt (Tables)
 12 Months Ended
Sep. 25, 2021
Debt Disclosure [Abstract]  
Schedule of Long-Term Debt Long-term debt consists of the following:
September 25, 2021 September 26, 2020
  (in thousands)
Senior notes, interest at 6.125%, payable semi-annually, principal due November 2023
 $ —  $ 400,000 
Senior notes, interest at 5.125%, payable semi-annually, principal due February 2028
 300,000  300,000 
Senior notes, interest at 4.125%, payable semi-annually, principal due October 2030
 500,000  — 
Senior notes, interest at 4.125%, payable semi-annually, principal due April 2031
 400,000  — 
Unamortized debt issuance costs (15,994) (6,142)
Net carrying value 1,184,006  693,858 
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 1,758  195 
Total 1,185,764  694,053 
Less current portion (1,081) (97)
Long-term portion $ 1,184,683  $ 693,956 
Schedule of Principal Repayments on Long-Term Debt
The scheduled principal repayments on long-term debt as of September 25, 2021 are as follows:
(in thousands)
Fiscal year:
2022 $ 1,081    
2023 323    
2024 228    
2025 126 
2026 —    
Thereafter 1,200,000    
Total $ 1,201,758 
(1)
(1)Debt repayments do not reflect the unamortized portion of deferred financing costs associated with the 2028 Notes, 2030 Notes and 2031 Notes of approximately $16.0 million as of September 25, 2021, of which, $2.9 million is amortizable until February 2028, $7.3 million is amortizable until October 2030 and $5.8 million is amortizable until April 2031, and is included in the carrying value.