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Debt | 6 Months Ended
--- | ---
Mar. 29, 2020
Debt [Abstract] |
Debt | NOTE 10 - DEBT Debt consists of the following:
|  | SBH |  | SB/RH
|  | March 29, 2020 |  | September 30, 2019 |  | March 29, 2020 |  | September 30, 2019
(in millions) |  | Amount |  | Rate |  | Amount |  | Rate |  | Amount |  | Rate |  | Amount |  | Rate
Spectrum Brands Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revolver Facility, variable rate, expiring March 6, 2022 |  | $ | 780.0 |  | 3.3 | % |  | $ | — |  | — | % |  | $ | 780.0 |  | 3.3 | % |  | $ | — |  | — | %
6.625% Notes, due November 15, 2022 |  |  | — |  | — | % |  |  | 117.4 |  | 6.6 | % |  |  | — |  | — | % |  |  | 117.4 |  | 6.6 | %
6.125% Notes, due December 15, 2024 |  |  | 250.0 |  | 6.1 | % |  |  | 250.0 |  | 6.1 | % |  |  | 250.0 |  | 6.1 | % |  |  | 250.0 |  | 6.1 | %
5.00% Notes, due October 1, 2029 |  |  | 300.0 |  | 5.0 | % |  |  | 300.0 |  | 5.0 | % |  |  | 300.0 |  | 5.0 | % |  |  | 300.0 |  | 5.0 | %
5.75% Notes, due July 15, 2025 |  |  | 1,000.0 |  | 5.8 | % |  |  | 1,000.0 |  | 5.8 | % |  |  | 1,000.0 |  | 5.8 | % |  |  | 1,000.0 |  | 5.8 | %
4.00% Notes, due October 1, 2026 |  |  | 468.9 |  | 4.0 | % |  |  | 465.0 |  | 4.0 | % |  |  | 468.9 |  | 4.0 | % |  |  | 465.0 |  | 4.0 | %
Other notes and obligations |  |  | 3.3 |  | 10.4 | % |  |  | 9.5 |  | 10.4 | % |  |  | 3.3 |  | 10.4 | % |  |  | 9.5 |  | 10.4 | %
Obligations under capital leases |  |  | 163.0 |  | 5.6 | % |  |  | 165.6 |  | 5.6 | % |  |  | 163.0 |  | 5.6 | % |  |  | 165.6 |  | 5.6 | %
Total Spectrum Brands, Inc. debt |  |  | 2,965.2 |  |  |  |  |  | 2,307.5 |  |  |  |  |  | 2,965.2 |  |  |  |  |  | 2,307.5 |  |  |
Spectrum Brands Holdings, Inc. |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Salus - unaffiliated long-term debt of consolidated VIE |  |  | 77.0 |  | — | % |  |  | 77.0 |  | — | % |  |  | — |  | — | % |  |  | — |  | — | %
Total SBH debt |  |  | 3,042.2 |  |  |  |  |  | 2,384.5 |  |  |  |  |  | 2,965.2 |  |  |  |  |  | 2,307.5 |  |  |
Unamortized discount on debt |  |  | (0.1) |  |  |  |  |  | (0.2) |  |  |  |  |  | — |  |  |  |  |  | — |  |  |
Debt issuance costs |  |  | (29.7) |  |  |  |  |  | (33.0) |  |  |  |  |  | (28.8) |  |  |  |  |  | (31.5) |  |  |
Less current portion |  |  | (13.3) |  |  |  |  |  | (136.9) |  |  |  |  |  | (13.3) |  |  |  |  |  | (136.9) |  |  |
Long-term debt, net of current portion |  | $ | 2,999.1 |  |  |  |  | $ | 2,214.4 |  |  |  |  | $ | 2,923.1 |  |  |  |  | $ | 2,139.1 |  |  |
The Revolver Facility is subject to either adjusted LIBOR plus margin ranging from 1.75% to 2.25% per annum, or base rate plus margin ranging from 0.75% to 1.25% per annum. As a result of borrowings and payments under the Revolver Facility, the Company had borrowing availability of $1.4 million at March 29, 2020, net of outstanding letters of credit of $18.6 million. Subsequent to March 29, 2020, the Company increased its overall capacity of the Revolver Facility by $90.0 million, resulting in a total capacity of $890 million. All amounts under the additional capacity will be subject to either LIBOR plus margin ranging between 2.00% to 2.50% per annum, or base rate plus margin ranging from 1.00% to 1.50%. Effective November 15, 2019, the Company completed the tender and call of its 6.625% Senior Unsecured Notes with an outstanding principal of $117.4 million, recognizing a loss on extinguishment of the debt of $2.6 million including a non-cash charge of $1.1 million attributable to the write-off of deferred financing costs associated with the debt.

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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