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Borrowings (Tables) | 12 Months Ended
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Sep. 30, 2022
Debt Disclosure [Abstract] |
Schedule of Long-term Debt | The following table presents certain information regarding the Company’s long-term debt at September 30, 2022 and October 1, 2021 (dollars in thousands):
| Interest Rate |  | Maturity |  | September 30, 2022 |  | October 1, 2021
Revolving Credit Facility | Benchmark + applicable margin (1) (2) |  | March 2024 |  | $ | 1,105,294 |  |  | $ | 327,794 |
2021 Term Loan Facility | Benchmark + applicable margin (1) (3) |  | March 2024 |  | 923,580 |  |  | 1,081,724 |
2020 Term Loan Facility | Benchmark + applicable margin (1) (4) |  | March 2025 (5) |  | 882,263 |  |  | 988,940 |
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: Current Portion (4) |  |  |  |  | (50,415) |  |  | (53,456) |
Less: Deferred Financing Fees |  |  |  |  | (3,466) |  |  | (5,069) |
Total Long-term debt, net |  |  |  |  | $ | 3,357,256 |  |  | $ | 2,839,933 |
(1)During the year ended September 30, 2022, the aggregate principal amounts denominated in British pounds under the Revolving Credit Facility, 2021 Term Loan Facility and 2020 Term Loan Facility transitioned from underlying LIBOR benchmarked rates to SONIA rates. Borrowings denominated in U.S. dollars remained benchmarked to LIBOR rates. (2)Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the Revolving Credit Facility (defined below)), U.S. dollar denominated borrowings under the Revolving Credit Facility bear interest at either a eurocurrency rate plus a margin of between 0.875% and 1.625% or a base rate plus a margin of between 0% and 0.625%.The applicable LIBOR rates, including applicable margins, at September 30, 2022 and October 1, 2021 were approximately 4.08% and 1.45%. Borrowings denominated in British pounds bear interest at an adjusted SONIA rate plus a margin of between 0.875% and 1.625%. There were no amounts drawn in British pounds as of September 30, 2022. (3)Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the 2021 Term Loan Facility (defined below)), U.S. dollar denominated borrowings under the 2021 Term Loan Facility bear interest at either a eurocurrency rate plus a margin of between 0.875% and 1.625% or a base rate plus a margin of between 0% and 0.625%. The applicable LIBOR rate, including applicable margin, at September 30, 2022 and October 1, 2021was approximately 4.06% and 1.43%. Borrowings denominated in British pounds bear interest at an adjusted SONIA rate plus a margin of between 0.875% and 1.625%, which was approximately 3.60% at September 30, 2022. (4)Depending on the Company’s Consolidated Leverage Ratio (as defined in the credit agreement governing the 2020 Term Loan Facility (defined below)), U.S. dollar denominated borrowings under the 2020 Term Loan Facility bear interest at either a eurocurrency rate plus a margin of between 0.875% and 1.5% or a base rate plus a margin of between 0% and 0.5%. The applicable LIBOR rates, including applicable margins, at September 30, 2022 and October 1, 2021 were approximately 4.49% and 1.45%. Borrowings denominated in British pounds bear interest at an adjusted SONIA rate plus a margin between 0.875% and 1.5%, which was approximately 3.60% at September 30, 2022. (5)The 2020 Term Loan requires quarterly principal repayments of 1.25%, or $9.125 million and £3.125 million, of the aggregate initial principal amount borrowed.
Schedule of Interest Expense | The following table presents the amount of interest paid by the Company during September 30, 2022, October 1, 2021 and October 2, 2020 (in thousands):
For the Years Ended
September 30, 2022 |  | October 1, 2021 |  | October 2, 2020
$88,031 |  | $54,860 |  | $58,257

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