Quarterly report pursuant to Section 13 or 15(d)

Credit Facilities (Tables)

v3.23.2
Credit Facilities (Tables)
6 Months Ended
Jul. 01, 2023
Debt Disclosure [Abstract]  
Schedule of Total Non-Revolving Debt

Total non-revolving debt consists of the following:

 

Maturity Date

 

July 1, 2023

 

 

December 31, 2022

 

Long-term non-revolving debt:

 

 

 

 

 

 

 

Term loans with PNC Bank

Oct 2025

 

$

317.5

 

 

$

175.0

 

Term loans with Citibank

Various

 

 

13.5

 

 

 

8.6

 

Total long-term non-revolving debt

 

 

 

331.0

 

 

 

183.6

 

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

 

 

 

20.5

 

 

 

19.0

 

Less: unamortized debt issuance costs

 

 

 

0.8

 

 

 

0.4

 

Total long-term non-revolving debt, net

 

 

$

309.7

 

 

$

164.2

 

Summary of Information on Revolving Credit Facility

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

 

 

 

Balance

 

 

Available Credit

 

 

Maturity Date

 

July 1, 2023

 

 

December 31, 2022

 

 

July 1, 2023

 

 

December 31, 2022

 

Revolving line of credit with PNC Bank

Oct 2025

 

$

218.2

 

 

$

261.3

 

 

$

180.1

 

 

$

138.1

 

Revolving line of credit with Citibank

Jun 2026

 

 

0.7

 

 

 

1.6

 

 

 

3.3

 

 

 

0.7

 

Summary of Future Maturities of Total Debt

Future maturities of total debt are as follows:

Year:

 

 

2023 Remaining

$

9.2

 

2024

 

23.5

 

2025

 

509.5

 

2026

 

7.7

 

Total

$

549.9