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Debt (Tables)
6 Months Ended
Dec. 29, 2018
Schedule of Debt

Debt consisted of the following:

 

 

 

 

 

 

 

 

 

 

(In millions)

 

As of December 29, 2018

 

 

As of June 30, 2018

 

ABL

 

$

845.0

 

 

$

780.1

 

5.500% Notes due 2024

 

 

350.0

 

 

 

350.0

 

Less: Original issue discount and deferred financing costs

 

 

(6.6

)

 

 

(7.1

)

Long-term debt

 

 

1,188.4

 

 

 

1,123.0

 

Capital and finance lease obligations

 

 

109.7

 

 

 

61.2

 

Total debt

 

 

1,298.1

 

 

 

1,184.2

 

Less: current installments

 

 

(13.5

)

 

 

(8.4

)

Total debt, excluding current installments

 

$

1,284.6

 

 

$

1,175.8

 

ABL Facility [Member]  
Summary of Outstanding Borrowings, Availability, and Average Interest Rate

The following table summarizes outstanding borrowings, availability, and the average interest rate under the ABL Facility:

 

 

 

 

 

 

 

 

 

 

(Dollars in millions)

 

As of December 29, 2018

 

 

As of June 30, 2018

 

Aggregate borrowings

 

$

845.0

 

 

$

780.1

 

Letters of credit under ABL Facility

 

83.9

 

 

 

121.3

 

Excess availability, net of lenders’ reserves of $13.2 and $12.1

 

 

859.0

 

 

 

854.2

 

Average interest rate

 

 

3.96

%

 

 

3.52

%