Long-Term Debt (Tables)

3 Months Ended

Mar. 29, 2026

Long-term debt as of March 29, 2026, December 31, 2025, and March 30, 2025 consisted of the following:


(In thousands)	March 29, 2026		December 31, 2025		March 30, 2025

Revolving credit facility averaging 5.7% YTD 2026, 6.4% in 2025 and 6.4% YTD 2025	$	457,159	$	272,000	$	625,683
Term loan averaging 5.7% YTD 2026, 6.3% in 2025 and 6.3% YTD 2025	1,481,221		1,481,221		995,000
Notes
2025 senior secured notes at 7.000%	—		—		200,000
2027 senior unsecured notes at 5.375%	—		500,000		500,000
2027 senior unsecured notes at 5.500%	—		500,000		500,000
2028 senior unsecured notes at 6.500%	300,000		300,000		300,000
2029 senior unsecured notes at 5.250%	500,000		500,000		500,000
2031 senior unsecured notes at 7.250%	800,000		800,000		800,000
2032 senior secured notes at 6.625%	850,000		850,000		850,000
2032 senior unsecured notes at 8.625%	1,000,000		—		—
	5,388,380		5,203,221		5,270,683
Less current portion	(15,038)		(15,038)		(210,000)
	5,373,342		5,188,183		5,060,683
Less debt issuance costs and original issue discount	(55,675)		(43,336)		(45,410)
Plus acquisition fair value layers	22,822		21,225		22,293
Long-term debt	$	5,340,489	$	5,166,072	$	5,037,566

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details