Borrowings

3 Months Ended

Mar. 29, 2020

Debt Disclosure [Abstract]

Borrowings

Borrowings

Our borrowings at March 29, 2020 and December 31, 2019 were as follows:

	March 29, 2020		December 31, 2019
	(Dollars in thousands)
Senior Credit Facility:
Revolving credit facility, at a rate of 2.13% at March 29, 2020, due 2024	$	785,000	$	300,000
Term loan facility, at a rate of 2.33% at March 29, 2020, due 2024	673,000		673,000
4.875% Senior Notes due 2026	400,000		400,000
4.625% Senior Notes due 2027	500,000		500,000
Securitization program, at a rate of 1.74% at March 29, 2020	50,000		50,000
	2,408,000		1,923,000
Less: Unamortized debt issuance costs	(13,483)		(14,057)
	2,394,517		1,908,943
Current borrowings	(53,625)		(50,000)
Long-term borrowings	$	2,340,892	$	1,858,943

On March 30, 2020, we amended our accounts receivable securitization facility to increase the maximum available capacity from $50 million to $75 million.