Quarterly report pursuant to Section 13 or 15(d)

Credit Facilities (Tables)

v3.24.2.u1
Credit Facilities (Tables)
6 Months Ended
Jun. 29, 2024
Debt Disclosure [Abstract]  
Schedule of Total Non-Revolving Debt

Total non-revolving debt consists of the following:

 

Maturity Date

 

June 29, 2024

 

 

December 30, 2023

 

Long-term non-revolving debt:

 

 

 

 

 

 

 

Term loans with PNC Bank

June 2029

 

$

300.0

 

 

$

310.0

 

Term loans with Citibank

Various

 

 

10.2

 

 

 

12.1

 

Total long-term non-revolving debt

 

 

 

310.2

 

 

 

322.1

 

Less: current portion of long-term non-revolving debt

 

 

 

17.2

 

 

 

23.2

 

Less: unamortized debt issuance costs

 

 

 

1.3

 

 

 

0.6

 

Total long-term non-revolving debt, net

 

 

$

291.7

 

 

$

298.3

 

Summary of Information on Revolving Credit Facility

Information on the Company’s revolving credit facilities is as follows:

 

 

 

Balance

 

 

Available Credit

 

 

Maturity Date

 

June 29, 2024

 

 

December 30, 2023

 

 

June 29, 2024

 

 

December 30, 2023

 

Revolving line of credit with PNC Bank

June 2029

 

$

190.4

 

 

$

199.8

 

 

$

307.7

 

 

$

199.5

 

Revolving line of credit with Citibank

June 2026

 

 

3.4

 

 

 

3.5

 

 

 

0.6

 

 

 

0.6

 

Summary of Future Maturities of Total Debt

Future maturities of total debt are as follows:

Year:

 

 

2024 Remaining

$

12.7

 

2025

 

16.4

 

2026

 

27.6

 

2027

 

22.5

 

2028

 

28.1

 

2029

 

396.7

 

Total

$

504.0