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Borrowings

9 Months Ended

Jun. 28, 2019

Debt Disclosure [Abstract]

Borrowings

BORROWINGS:

Long-term borrowings, net, are summarized in the following table (in thousands):

		June 28, 2019				September 28, 2018
Senior secured revolving credit facility, due October 2023		$	57,689			$	77,000
Senior secured term loan facility, due October 2023		516,473				538,674
Senior secured term loan facility, due March 2024		1,126,820				1,325,923
Senior secured term loan facility, due March 2025		1,657,745				1,656,919
5.125% senior notes, due January 2024		902,490				902,908
5.000% senior notes, due April 2025		591,780				590,884
3.125% senior notes, due April 2025(1)		366,180				373,240
4.750% senior notes, due June 2026		494,566				494,082
5.000% senior notes, due February 2028		1,137,331				1,136,472
Receivables Facility, due May 2021		255,000				—
Capital leases		141,297				143,388
Other		5,296				4,494
		7,252,667				7,243,984
Less—current portion		(53,749		)		(30,907		)
		$	7,198,918			$	7,213,077

(1) This is a Euro denominated borrowing.

As of June 28, 2019, there was approximately $942.9 million of outstanding foreign currency borrowings.

Fiscal 2019 Refinancing Transactions

During the first quarter of fiscal 2019, the Company extended the maturity dates of the Revolving Credit Facility, Yen Term Loan due 2022, Canadian Term Loan due 2022, Canadian Term Loan due 2023 and Euro Term Loan due 2022 to October 1, 2023.

Also during the first quarter of fiscal 2019, the Company made an optional prepayment of approximately $200.0 million on the U.S. dollar denominated term loan due 2024.

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- Definition

The entire disclosure for debt and capital lease obligations can be reported. Information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Also includes descriptions and amounts of capital leasing arrangements that consist of direct financing, sales type and leveraged leases. Disclosure may include the effect on the balance sheet and the income statement resulting from a change in lease classification for leases that at inception would have been classified differently had guidance been in effect at the inception of the original lease.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 840
-URI http://asc.fasb.org/topic&trid=2208923

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 470
-URI http://asc.fasb.org/topic&trid=2208564

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- References

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