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DEBT
 9 Months Ended
Mar. 26, 2025
Debt Disclosure [Abstract]  
Debt
Long-term debt consists of the following:
March 26,
2025		June 26,
2024
Revolving credit facility$90.0 $— 
8.250% notes350.0 350.0 
5.000% notes(1)
— 350.0 
Finance lease obligations106.5 105.4 
Total long-term debt546.5 805.4 
Less: unamortized debt issuance costs and discounts(4.2)(5.0)
Total long-term debt, less unamortized debt issuance costs and discounts542.3 800.4 
Less: current installments of long-term debt and finance leases(2)
(24.0)(14.1)
Total long-term debt, less current portion$518.3 $786.3 
(1)On October 1, 2024, the 5.000% notes matured and were repaid in full using borrowings under our revolving credit facility.
(2)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 4 - Accrued Liabilities for further details.
Revolving Credit Facility
In the thirty-nine week period ended March 26, 2025, net borrowings of $90.0 million were drawn on our revolving credit facility. As of March 26, 2025, $810.0 million of credit was available under the revolving credit facility.
The $900.0 million revolving credit facility matures on August 18, 2026 and bears interest at a rate of SOFR plus an applicable margin of 1.60% to 2.35% and an undrawn commitment fee of 0.25% to 0.35%, both based on a function of our debt-to-cash-flow ratio. As of March 26, 2025, our interest rate was 5.93% consisting of SOFR of 4.33% plus the applicable margin and spread adjustment of 1.60%.
Financial Covenants
The indenture for our 8.250% notes contains certain covenants, including, but not limited to, limitations and restrictions on the ability of the Company and its Restricted Subsidiaries (as defined in the indentures) to (i) create liens on Principal Property (as defined in the indenture) and (ii) merge, consolidate or amalgamate with or into any other person or sell, transfer, assign, lease, convey or otherwise dispose of all or substantially all of their property. These covenants are subject to a number of important conditions, qualifications, exceptions, and limitations.
Our debt agreements contain various financial covenants that, among other things, require the maintenance of certain leverage ratios. As of March 26, 2025, we were in compliance with our covenants pursuant to the $900.0 million revolving credit facility and under the terms of the indentures governing our 8.250% notes.