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Long-Term Debt (Tables) | 9 Months Ended
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Jul. 03, 2021
Debt Disclosure [Abstract] |
Summary of Debt Obligations | Our debt obligations consisted of the following (in thousands, except interest rates):
|  | Effective Interest Rate (1) |  |  | July 3, 2021 |  |  | October 3, 2020 |  |  | June 27, 2020 |
Term Loan—due on March 9, 2028 |  |  | 3.25 | % | (2) | $ | 807,975 |  |  | $ | 811,178 |  |  | $ | 815,349 |
Senior Unsecured Notes |  |  |  |  |  |  | — |  |  |  | 390,000 |  |  |  | 390,000 |
ABL Credit Facility |  |  | 1.25 | % | (3) |  | — |  |  |  | — |  |  |  | — |
Total long-term debt |  |  |  |  |  |  | 807,975 |  |  |  | 1,201,178 |  |  |  | 1,205,349 |
Less: current portion of long-term debt |  |  |  |  |  |  | (8,100 | ) |  |  | (8,341 | ) |  |  | (8,341 | )
Less: unamortized discount |  |  |  |  |  |  | (3,402 | ) |  |  | (9,348 | ) |  |  | (9,955 | )
Less: deferred financing charges |  |  |  |  |  |  | (8,742 | ) |  |  | (3,939 | ) |  |  | (4,273 | )
Long-term debt, net |  |  |  |  |  | $ | 787,731 |  |  | $ | 1,179,550 |  |  | $ | 1,182,780 |
(1) | Effective interest rates as of July 3, 2021.
(2) | Carries interest at a specified margin over LIBOR of 2.75% with a minimum LIBOR of 0.50%.
(3) | Carries interest at a specific margin between 0.25% and 0.75% with respect to Base Rate loans and between 1.25% and 1.75% with respect to Eurodollar Rate loans.
Schedule of Debt Maturities and Principal Repayments of Indebtedness | The following table summarizes the debt maturities and scheduled principal repayments of our indebtedness as of July 3, 2021 (in thousands):
|  | Amount |
Remainder of Fiscal 2021 |  | $ | 2,025 |
2022 |  |  | 8,100 |
2023 |  |  | 8,100 |
2024 |  |  | 6,075 |
2025 |  |  | 10,125 |
Thereafter |  |  | 773,550 |
Total |  | $ | 807,975 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of maturity and sinking fund requirement for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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