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Debt and Finance Leases
 3 Months Ended
Apr. 01, 2023
Debt Disclosure [Abstract]  
Debt and Finance Leases
7. Debt and Finance Leases
Debt and finance leases included the following:
April 1, 2023December 31, 2022
ABL Credit Facility due 2025: $100 million available, bearing interest of 6.98% (4.73% adjusted SOFR plus 2.25% margin) at April 1, 2023
$— $— 
7.625% Senior Secured Notes due 2026
475,000 475,000 
5.50% Senior Unsecured Notes due 2024
317,675 322,675 
5.50% CAD-based term loan due 2028
34,301 36,585 
Other loans(a)
19,576 19,598 
Short-term factoring facility-France3,182 3,773 
Finance lease obligations1,662 1,760 
Total principal payments due851,396 859,391 
Less: unamortized debt premium, discount and issuance costs(5,654)(6,266)
Total debt845,742 853,125 
Less: debt due within one year(14,317)(14,617)
Long-term debt$831,425 $838,508 
——————————————
(a)    Consist of loans for energy and bioethanol projects in France.
In March 2023, the Company repurchased $5 million of Senior Unsecured Notes through open-market transactions and retired the notes for cash of $5 million. An immaterial gain on extinguishment for the repurchase was recorded to “other income (expense), net” in the consolidated statements of operations.
As of April 1, 2023, the Company’s debt principal payments, excluding finance lease obligations, were due as follows:
Remainder of 2023$10,488 
2024328,811 
202511,122 
2026485,490 
20278,341 
Thereafter5,482 
Total debt principal payments$849,734