Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM 3. Quantitative and Qualitative Disclosures About Market Risk
During the three months ended March 27, 2026, the Company made a voluntary prepayment of $459.0 million on its term loan facility, which significantly reduced its variable-rate debt and corresponding exposure to interest rate risk. As a result, a hypothetical 100 basis point increase in borrowing rates would not have a material impact on the Company’s results of operations. Refer to Part II, Item 7A. “Quantitative and Qualitative Disclosures about Market Risk” included in our Annual Report on Form 10-K for our fiscal year ended December 26, 2025, for a more complete discussion of the market risks we encounter.
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