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Long-Term Debt, Net (Tables) | 9 Months Ended
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Jun. 29, 2024
Debt Disclosure [Abstract] |
Summary of Long-Term Debt, Net | Our long-term debt, net consisted of the following (in thousands, except interest rates):
|  | Effective Interest Rate (1) |  |  | June 29, 2024 |  |  | September 30, 2023 |  |  | July 1, 2023 |
Term Loan |  |  | 8.19 | % | (2) | $ | 783,675 |  |  | $ | 789,750 |  |  | $ | 791,775 |
Revolving Credit Facility |  |  | 6.72 | % | (3) |  | — |  |  |  | — |  |  |  | 31,000 |
Total long-term debt |  |  |  |  |  | 783,675 |  |  |  | 789,750 |  |  |  | 822,775 |
Less: current portion of long-term debt |  |  |  |  |  | (8,100 | ) |  |  | (8,100 | ) |  |  | (8,100 | )
Less: noncurrent Revolving Credit Facility |  |  |  |  |  | — |  |  |  | — |  |  |  | (31,000 | )
Less: unamortized discount |  |  |  |  |  | (1,944 | ) |  |  | (2,316 | ) |  |  | (2,439 | )
Less: deferred financing charges |  |  |  |  |  | (5,033 | ) |  |  | (6,058 | ) |  |  | (6,352 | )
Total long-term debt, net |  |  |  |  | $ | 768,598 |  |  | $ | 773,276 |  |  | $ | 774,884 |
(1) Effective interest rates as of June 29, 2024. (2) Carries interest at a specified margin over the Term Secured Overnight Financing Rate (“SOFR”) between 2.50% and 2.75% with a minimum SOFR of 0.50% pl us a SOFR adjustment. (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 Term SOFR loans, with a SOFR adjustment.
Schedule of Debt Maturities and Principal Repayments of Indebtedness | The following table summarizes the debt maturities and scheduled principal repayments of our indebtedness as o f June 29, 2024 (in thousands):
|  | Amount |
Remainder of fiscal 2024 |  | $ | 2,025 |
2025 |  |  | 10,125 |
2026 |  |  | 8,100 |
2027 |  |  | 8,100 |
2028 |  |  | 755,325 |
Thereafter |  |  | — |
Total |  | $ | 783,675 |

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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 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 470 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481544/470-10-50-1 + Details
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