Summary of carrying values and fair values of our revolving credit loans, term loans and senior notes |
The carrying values and fair values of our revolving credit loans, term loans and senior notes as of December 30, 2023 and December 31, 2022 were as follows (in thousands): | | | | | | | | | | | | | | | | | December 30, 2023 | | | December 31, 2022 | | | | Carrying Value | | Fair Value | | Carrying Value | | Fair Value | | Revolving credit loans | | $ | 170,000 | | $ | 170,000 | (1) | $ | 282,500 | | $ | 282,500 | (1) | Tranche B term loans due 2026 | | | 527,443 | (2) | | 522,169 | (3) | | 668,532 | (2) | | 636,777 | (3) | 5.25% senior notes due 2025 | | | 265,592 | (4) | | 261,608 | (3) | | 901,213 | (4) | | 790,625 | (3) | 5.25% senior notes due 2027 | | | 550,000 | | | 497,750 | (3) | | 550,000 | | | 420,558 | (3) | 8.00% senior secured notes due 2028 | | $ | 547,372 | (5) | $ | 572,688 | (3) | $ | — | | $ | — | |
(1) | Fair values are estimated based on Level 2 inputs, which were quoted prices for identical or similar instruments in markets that are not active. |
(2) | The carrying value of the tranche B term loans includes a discount. At December 30, 2023 and December 31, 2022, the face amount of the tranche B term loans was $528.6 million and $671.6 million, respectively. |
(3) | Fair values are estimated based on quoted market prices. |
(4) | The carrying value of the 5.25% senior notes due 2025 includes a premium. At December 30, 2023 and December 31, 2022, the face amount of the 5.25% senior notes due 2025 was $265.4 million and $900.0 million, respectively. |
(5) | The carrying value of 8.00% senior secured notes due 2028 includes a discount. At December 30, 2023, the face amount of the 8.00% senior secured notes due 2028 was $550.0 million. |
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