Long-Term Debt

6 Months Ended

Jun. 27, 2020

Debt Disclosure [Abstract]

Long-Term Debt

The following table summarizes the Company’s debt:

	June 27, 2020		December 28, 2019
Revolving loans	$	129,000	$	113,000
Senior term loan, due 2025	1,042,349		1,047,653
6.375% Senior Notes, due 2022	330,000		330,000
11.6% Junior Subordinated Debentures - Preferred	105,443		105,443
Junior Subordinated Debentures - Common	3,261		3,261
Capital & finance leases	2,112		2,275
	1,612,165		1,601,632
Unamortized premium on 11.6% Junior Subordinated Debentures	15,366		16,110
Unamortized discount on Senior term loan	(7,285)		(8,040)
Current portion of long term debt, capital leases and finance leases	(11,400)		(11,358)
Deferred financing fees	(12,458)		(14,055)
Total long term debt, net	$	1,596,388	$	1,584,289

As of June 27, 2020, there was $1,042,349 outstanding under the 2018 Term Loan. As of June 27, 2020, the Company had $129,000 outstanding under the ABL Revolver along with $19,401 of letters of credit. The Company has approximately $101,599 of available borrowings under the ABL Revolver as a source of liquidity.

Additional information with respect to the fair value of the Company’s fixed rate senior notes and junior subordinated debentures is included in Note 13 - Fair Value Measurements.