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Credit Facility | 9 Months Ended
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Jun. 28, 2015
Credit Facility |
Credit Facility | 13.Credit Facility At March 29, 2015, we had a credit agreement that provided for a $205 million term loan facility and a $460 million revolving credit facility both maturing in May 2018. On May 29, 2015, we entered into a third amendment to our credit agreement (the “Amended Credit Agreement”) that extended the maturity date for the term loan and the revolving credit facility to May 2020. The Amended Credit Agreement is a $654.8 million senior secured, five-year facility that provides for a $194.8 million term loan facility and a $460 million revolving credit facility. The interest rate provisions of the term loan and the revolving credit facility did not materially change. As of June 28, 2015, we had $235.4 million in outstanding borrowings under the Amended Credit Agreement, consisting of $194.8 million under the Term Loan Facility and $40.6 million under the Revolving Credit Facility. At June 28, 2015, we had $458.7 million of available credit under the Revolving Credit Facility, of which $223.8 million could be borrowed without a violation of our debt covenants. The Amended Credit Agreement contains certain affirmative and restrictive covenants, and customary events of default. The financial covenants provide for a maximum Consolidated Leverage Ratio of 3.00 to 1.00 and a minimum Consolidated Fixed Charge Coverage Ratio of 1.25 to 1.00. Our obligations under the Amended Credit Agreement are guaranteed by certain of our subsidiaries and are secured by first priority liens on (i) the equity interests of certain of our subsidiaries, including those subsidiaries that are guarantors or borrowers under the Amended Credit Agreement, and (ii) our accounts receivable, general intangibles and intercompany loans, and those of our subsidiaries that are guarantors or borrowers. As of June 28, 2015, we met all of the compliance requirements of these covenants.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 22 -Article 5 + Details
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