XML 48 R34.htm IDEA: XBRL DOCUMENT v3.10.0.1
Long-term Debt (Tables)
 3 Months Ended
Dec. 28, 2018
Debt Disclosure [Abstract]  
Schedule of Long-term Debt
At December 28, 2018 and September 28, 2018, long-term debt consisted of the following (principal amounts in thousands):
 
Interest Rate
 
Maturity
 
December 28, 2018
 
September 28, 2018
Revolving Credit Facility
LIBOR + applicable margin (1)
 
February 2020
 
$
673,606

 
$
149,129

Term Loan Facility
LIBOR + applicable margin (2)
 
December 2020
 
1,500,000

 
1,500,000

Fixed-rate notes due:
 
 
 
 
 
 
 
Senior Notes, Series A
4.27%
 
May 2025
 
190,000

 
190,000

Senior Notes, Series B
4.42%
 
May 2028
 
180,000

 
180,000

Senior Notes, Series C
4.52%
 
May 2030
 
130,000

 
130,000

Less: Deferred Financing Fees
 
 
 
 
(4,649
)
 
(4,998
)
Other
Varies
 
Varies
 
36

 
36

Total Long-term debt, net
 
 
 
 
$
2,668,993

 
$
2,144,167

(1)
Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the Revolving Credit Facility), borrowings under the Revolving Credit Facility bear interest at either a eurocurrency rate plus a margin of between 1.0% and 1.5% or a base rate plus a margin of between 0% and 0.5%. The applicable LIBOR rates at December 28, 2018 and September 28, 2018 were approximately 1.38% to 3.79% and 1.38% to 3.47%, respectively.
(2)
Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the Term Loan Facility), borrowings under the Term Loan Facility bear interest at either a eurocurrency rate plus a margin of between 1.0% and 1.5% or a base rate plus a margin of between 0% and 0.5%. The applicable LIBOR rates at December 28, 2018 and September 28, 2018 were approximately 3.82% and 3.71%, respectively.