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DEBT
9 Months Ended
Mar. 30, 2022
Debt Disclosure [Abstract]  
Debt
Long-term debt consists of the following:
March 30,
2022
June 30,
2021
Revolving credit facility$264.3 $171.3 
5.000% notes350.0 350.0 
3.875% notes300.0 300.0 
Finance lease obligations97.1 121.3 
Total long-term debt and finance leases1,011.4 942.6 
Less: unamortized debt issuance costs and discounts(2.4)(3.2)
Total long-term debt, less unamortized debt issuance costs and discounts1,009.0 939.4 
Less: current installments of long-term debt and finance leases(1)
(21.1)(21.5)
Long-term debt and finance leases, less current installments$987.9 $917.9 
(1)Current installments of long-term debt consist of finance leases and are recorded within Other accrued liabilities in the Consolidated Balance Sheets (Unaudited). Refer to Note 11 - Accrued and Other Liabilities for further details.
Revolving Credit Facility
On August 18, 2021, we revised our existing $1.0 billion revolving credit facility to an $800.0 million revolving credit facility to extend the maturity date and provide additional flexibility. In the thirty-nine week period ended March 30, 2022, net borrowings of $93.0 million were drawn on the revolving credit facility. As of March 30, 2022, $535.7 million of credit was available under the new revolving credit facility.
The $800.0 million revolving credit facility matures on August 18, 2026 and bears interest of LIBOR plus an applicable margin of 1.500% to 2.250% and an undrawn commitment fee of 0.250% to 0.350%, both based on a function of our debt-to-cash-flow ratio. As of March 30, 2022, our interest rate was 2.250% consisting of LIBOR of 0.500% plus the applicable margin of 1.750%.
In the thirty-nine week period ended March 30, 2022, we incurred and capitalized $3.1 million of debt issuance costs associated with the new revolver, which are included in Other assets in the Consolidated Balance Sheets (Unaudited).
Financial Covenants
Our debt agreements contain various financial covenants that, among other things, require the maintenance of certain leverage ratios. As of March 30, 2022, we were in compliance with our covenants pursuant to the $800.0 million revolving credit facility and under the terms of the indentures governing our 3.875% notes and 5.000% notes. We expect to remain in compliance with our covenants during the remainder of fiscal 2022.