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Long-Term Debt (Tables) | 6 Months Ended
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Jun. 28, 2024
Debt Disclosure [Abstract] |
Summary of Long-term Debt | Following is a summary of the Company’s long-term debt:
(in thousands) |  | Maturity Date |  | Interest Rate |  | Interest Paid |  | Public/ Nonpublic |  | June 28, 2024 |  | December 31, 2023
Senior bonds (the “2025 Senior Bonds”)(1) |  | 11/25/2025 |  | 3.800% |  | Semi-annually |  | Public |  | $ | 350,000 |  |  | $ | 350,000 |
Senior notes |  | 10/10/2026 |  | 3.930% |  | Quarterly |  | Nonpublic |  | 100,000 |  |  | 100,000 |
Senior bonds (the “2029 Senior Bonds”)(2) |  | 6/1/2029 |  | 5.250% |  | Semi-annually |  | Public |  | 700,000 |  |  | — |
Revolving credit facility(3) |  | 6/10/2029 |  | Variable |  | Varies |  | Nonpublic |  | — |  |  | — |
Senior notes |  | 3/21/2030 |  | 3.960% |  | Quarterly |  | Nonpublic |  | 150,000 |  |  | 150,000 |
Senior bonds (the “2034 Senior Bonds”)(4) |  | 6/1/2034 |  | 5.450% |  | Semi-annually |  | Public |  | 500,000 |  |  | — |
Unamortized discount on senior bonds(1)(2)(4) |  | Various |  |  |  |  |  |  |  | (1,624) |  |  | (17) |
Debt issuance costs |  |  |  |  |  |  |  |  |  | (13,274) |  |  | (824) |
Total long-term debt |  |  |  |  |  |  |  |  |  | $ | 1,785,102 |  |  | $ | 599,159 |
(1)The 2025 Senior Bonds were issued at 99.975% of par. (2)The 2029 Senior Bonds were issued at 99.843% of par. (3)The Company’s revolving credit facility has an aggregate maximum borrowing capacity of $500 million. The Company currently believes all banks participating in the revolving credit facility have the ability to and will meet any funding requests from the Company. (4)The 2034 Senior Bonds were issued at 99.893% of par.

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