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BORROWINGS
3 Months Ended
Dec. 29, 2023
Debt Disclosure [Abstract]  
BORROWINGS BORROWINGS:
Long-term borrowings, net, are summarized in the following table (in thousands):
December 29,
2023
September 29,
2023
Senior secured term loan facility, due September 2025$800,000 $800,000 
Senior secured term loan facility, due September 2028691,250 700,000 
Total principal debt issued1,491,250 1,500,000 
Unamortized debt issuance costs(10,197)(11,057)
Less - current portion(26,250)(26,250)
Long-term borrowings, net of current portion$1,454,803 $1,462,693 
The weighted-average interest rate for our senior secured term loan facilities was 7.74% for the three months ended December 29, 2023. The carrying amounts of the Company’s senior secured term loan facilities approximate their fair value as the interest rates are variable and reflective of market rates.

As of December 29, 2023, there was $5.3 million of letters of credit outstanding leaving $294.7 million available for borrowing under the revolving credit facility. At December 29, 2023, the Company was in compliance with all covenants under its credit facilities.