Indebtedness

9 Months Ended

Jul. 07, 2019

Debt Disclosure [Abstract]

Indebtedness

INDEBTEDNESS

Amended credit facility — On May 1, 2019, we entered into the Fifth Amendment to the Credit Agreement (the “Fifth Amendment”). The Fifth Amendment extended the maturity date of both our term loan and revolving credit facility from March 19, 2020 to March 19, 2021. Fees of $1.3 million paid to third parties in connection with the Fifth Amendment were capitalized as deferred loan costs during the quarter.

As of July 7, 2019, we had outstanding borrowings of $304.4 million under the term loan and $707.4 million under the revolving credit facility. In addition, letters of credit of $29.9 million were outstanding. As of July 7, 2019, our unused borrowing capacity was $162.7 million.

Subsequent events — See Note 16, Subsequent Events, as to events occurring after July 7, 2019 that impact the Company’s long-term debt.