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DEBT | 3 Months Ended
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Sep. 24, 2025
Debt Disclosure [Abstract] |
Debt | Long-term debt consists of the following:
| September 24, 2025 |  | June 25, 2025
Revolving credit facility | $ | 90.0 |  |  | $ | — |
8.25% notes | 350.0 |  |  | 350.0 |
Finance lease obligations | 112.7 |  |  | 97.6 |
Total long-term debt | 552.7 |  |  | 447.6 |
Less: unamortized debt issuance costs | (3.8) |  |  | (4.0) |
Total long-term debt, less unamortized debt issuance costs | 548.9 |  |  | 443.6 |
Less: current installments of long-term debt(1) | (23.1) |  |  | (17.6) |
Total long-term debt, less current portion | $ | 525.8 |  |  | $ | 426.0 |
(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 4 - Accrued Liabilities for further details. Revolving Credit Facility In the thirteen week period ended September 24, 2025, net borrowings of $90.0 million were drawn on our revolving credit facility. As of September 24, 2025, $910.0 million of credit was available under the revolving credit facility. The $1.0 billion revolving credit facility matures on May 1, 2030 and bears interest at a rate of SOFR plus an applicable margin of 1.25% to 2.00% and an undrawn commitment fee of 0.20% to 0.30%, both based on a function of our debt-to-cash-flow ratio. As of September 24, 2025, our interest rate was 5.41% consisting of SOFR of 4.16% plus the applicable margin of 1.25%. Financial Covenants The indenture for our 8.25% 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 September 24, 2025, we were in compliance with our covenants pursuant to the $1.0 billion revolving credit facility and under the terms of the indentures governing our 8.25% notes.

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- Definition The entire disclosure for 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. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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