LONG-TERM DEBT (Tables)

3 Months Ended

Apr. 03, 2021

Debt Disclosure [Abstract]

Schedule Of Debt

Debt is comprised of the following (in thousands):

	April 3, 2021		December 31, 2020
Term loan facility due April 2025	$	2,491,563	$	2,497,967
8.00% senior notes due April 2026	645,000		645,000
6.125% senior notes due January 2029	500,000		500,000
Less: unamortized discounts and unamortized deferred financing costs(1)	(51,624)		(53,938)
Total long-term debt, net of unamortized discounts and unamortized deferred financing costs	3,584,939		3,589,029
Less: current portion of long-term debt	25,600		25,600
Total long-term debt, less current portion	$	3,559,339	$	3,563,429

(1)Includes the unamortized discounts and unamortized deferred financing costs associated with the term loan facility, the 8.00% senior notes due April 2026, and the 6.125% senior notes due January 2029. The unamortized deferred financing costs associated with the asset-based revolving credit facilities of $1.5 million and $1.7 million as of April 3, 2021 and December 31, 2020, respectively, are classified in other assets on the consolidated balance sheets.

Schedule of Long-term Debt Instruments

At April 3, 2021, the interest rates on the Current Term Loan Facility were as follows:

	April 3, 2021
Interest rate	3.9	%
Effective interest rate	6.51	%

As of April 3, 2021, the Company had the following in relation to the Current ABL Facility (in thousands):

	April 3, 2021
Excess availability	$	570,978
Revolving loans outstanding	—
Letters of credit outstanding	35,366