Debt (Tables)

9 Months Ended

Sep. 28, 2024


(dollars in millions)	As of September 28, 2024		As of December 30, 2023
Secured debt:
—2024 Dollar Term Loans due June 4, 2031	$	1,300.0	$	—
—2022 Dollar Term Loans due November 16, 2029	564.9		567.8
—2021 Dollar Term Loans due November 16, 2029	—		1,336.1
—Revolving credit facility	30.0		—
Unsecured debt:
—6.875% Dollar Senior Notes due July 1, 2029	500.0		—
—6.250% Dollar Senior Notes due January 16, 2026	—		568.0
Total principal of debt	2,394.9		2,471.9
Deferred issuance costs	(34.6)		(37.4)
Accrued interest	17.4		17.0
Total carrying value of debt	2,377.7		2,451.5
Debt, current portion	36.2		36.5
Debt, less current portion	$	2,341.5	$	2,415.0

Schedule of Redemption Prices Plus Accrued and Unpaid Interest

Prior to July 1, 2026, we may redeem the 2024 Unsecured Senior Notes, at our option, in whole at any time or in part from time to time, at a “make-whole” redemption price. In addition, on or subsequent to July 1, 2026, we may redeem the 2024 Unsecured Senior Notes, at our option, in whole at any time or in part from time to time, at the following redemption prices (expressed as a percentage of the principal amount), plus accrued and unpaid interest to the redemption date:


	Redemption price
On or subsequent to:
—July 1, 2026	103.438	%
—July 1, 2027	101.719	%
—July 1, 2028 and thereafter	100.000	%

- 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