DEBT (Tables)
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9 Months Ended |
Sep. 28, 2024 |
Debt Disclosure [Abstract] |
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Schedule of Debt |
Debt consisted of the following as of September 28, 2024 and December 30, 2023: | | | | | | | | | | | | | September 28, 2024 | | December 30, 2023 | Term Loan, due 2029: | | | | $1,007.5 million and $504.5 million, none and net of $4.0 million discount at September 28, 2024 and December 30, 2023, respectively | $ | 1,007,475 | | | $ | 500,473 | | 61⁄2% Senior Notes, due 2027 | 300,000 | | | 300,000 | | 51⁄4% Senior Notes, due 2029 | 700,000 | | | 700,000 | | 71⁄4% Senior Notes, due 2031 | 800,000 | | | 800,000 | | Total | 2,807,475 | | | 2,300,473 | | Current portion of long-term debt | 10,100 | | | 3,822 | | Long-term debt | $ | 2,797,375 | | | $ | 2,296,651 | |
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Schedule of Contractual Payments of Long-Term Debt |
The contractual payments of long-term debt, including current maturities, for the five years subsequent to September 28, 2024, are as follows:
| | | | | | 2024 (three months) | $ | 2,525 | | 2025 | 12,625 | | 2026 | 10,100 | | 2027 | 310,100 | | 2028 | 10,100 | | 2029 | 1,662,025 | | Thereafter | 800,000 | | Total | 2,807,475 | | | | Less: Deferred financing costs | (20,457) | | Total debt | $ | 2,787,018 | |
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Schedule of Activity for Deferred Financing Fees |
The following table presents the activity for the deferred financing fees for the nine months ended September 28, 2024 and September 30, 2023: | | | | | | | Deferred financing fees | Balance—December 30, 2023 | $ | 14,463 | | Loan origination fees | 17,933 | | Amortization | (4,262) | | Write off of deferred financing fees | (6,218) | | Balance—September 28, 2024 | $ | 21,916 | | | | | | Balance—December 31, 2022 | $ | 11,489 | | Loan origination fees | 1,566 | | Amortization | (1,838) | | Write off of deferred financing fees | (160) | | Balance—September 30, 2023 | $ | 11,057 | |
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