Annual report pursuant to Section 13 and 15(d)

Long-Term Debt (Tables)

v3.19.3
Long-Term Debt (Tables)
 12 Months Ended
Sep. 28, 2019
Debt Disclosure [Abstract]  
Components of Long-Term Debt
Long-term debt consists of the following:
 
 
 
September 28,
2019

September 29,
2018
 
 
(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
 
 
(7,158
)
 
(8,425
)
Net carrying value
 
 
692,842

 
691,575

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
 
 
—

 
—

Asset-based revolving credit facility, interest at LIBOR plus a margin of 1.25% to 1.50% or Base Rate plus a margin of 0.25% to 0.50%, final maturity April 2021
 
 
—


—

Other notes payable
 
 
308

 
578

Total
 
 
693,150

 
692,153

Less current portion
 
 
(113
)
 
(122
)
Long-term portion
 
 
$
693,037

 
$
692,031

Scheduled Principal Repayments on Long-Term Debt
The scheduled principal repayments on long-term debt as of September 28, 2019 are as follows:  
 
(in thousands)
 
Fiscal year:
 
 
2020
$
113

  
2021
97

  
2022
80

  
2023
18

  
2024
400,000

  
Thereafter
300,000

  
Total
$
700,308

(1)

(1)
Debt repayments do not reflect the unamortized portion of deferred financing costs associated with the 2023 Notes and 2028 Notes of $7.1 million as of September 28, 2019, of which, $3.2 million is amortizable until November 2023, and $3.9 million is amortizable until February 2028 and is included in the carrying value.