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Long-Term Obligations (Tables)
9 Months Ended
Sep. 28, 2012
Debt Disclosure [Abstract]  
Schedule of Long-term Debt Instruments
Long-term obligations consisted of the following:
 
September 28,
2012
 
December 30, 2011
 
(in thousands)
Senior Secured Notes (9.50%)
$
375,000

 
$
375,000

Senior Unsecured Loan Facility (12.25%)
123,101

 
122,782

ABL Credit Facility
17,319

 
10,206

Dutch Revolving Credit Facility

 

 
$
515,420

 
$
507,988

Schedule of Redemption Rates on Senior Secured Notes
The Notes may be redeemed at the option of Euramax, in whole or in part, under the conditions specified in the Indenture plus accrued and unpaid interest to the redemption date, at the following redemption prices if redeemed during the twelve-month period beginning on April 1 of the years indicated:
Year
Percentage
2013
107.125%
2014
104.750%
2015 and thereafter
100.000%
Prepayment Rates on Senior Unsecured Loan Facility
The Senior Unsecured Loan Facility may not be voluntarily prepaid before March 18, 2013. Thereafter, and assuming the term of the loan is set by the Company to be 5 1/2 years or less, Euramax may prepay outstanding amounts under the Senior Unsecured Loan Facility, in whole or in part, at the prices (expressed as percentages of the loans) set forth below:

Prepayment Date

Percentage
On or after the second anniversary of the closing but prior to the third anniversary thereof
103%
On or after the third anniversary of the closing but prior to the fourth anniversary thereof
102%
On or after the fourth anniversary of the closing
100%