| Schedule of Total Debt Outstanding |
A summary of total debt outstanding at September 26, 2021 and December 31, 2020 is as follows:
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| (thousands) |
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September 26, 2021 |
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December 31, 2020 |
| Long-term debt: |
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1.0% convertible notes due 2023 |
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$ |
172,500
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$ |
172,500 |
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| Term loan due 2026 |
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148,125
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92,500 |
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| Revolver due 2026 |
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135,455
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275,000 |
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7.50% senior notes due 2027 |
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300,000
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300,000 |
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4.75% senior notes due 2029 |
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350,000
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— |
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| Total long-term debt |
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1,106,080
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840,000 |
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| Less: convertible notes debt discount, net |
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(10,545) |
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(16,072) |
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| Less: term loan deferred financing costs, net |
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(660) |
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(434) |
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| Less: senior notes deferred financing costs, net |
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(9,711) |
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(5,087) |
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| Less: current maturities of long-term debt |
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(7,500) |
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(7,500) |
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| Total long-term debt, less current maturities, net |
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$ |
1,077,664
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$ |
810,907 |
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| Schedule of Debt Instrument Redemption |
The Company may redeem the 4.75% Senior Notes at any time according to the following timeframes with the respective restrictions and prices:
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| Timeframe |
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Redemption Restrictions |
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Redemption Prices |
| Prior to May 1, 2024 |
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Up to 40% of the notes |
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104.750% |
| After May 1, 2024 |
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In whole, or in part |
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102.375% |
| After May 1, 2025 |
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In whole, or in part |
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101.188% |
| After May 1, 2026 |
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In whole, or in part |
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100.000% |
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