Quantitative and Qualitative Disclosures About Market Risk
−Removed: 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.
−Removed: 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.
+Added: During the six months ended June 26, 2026, the Company repaid the remaining $481.5 million outstanding under its term loan facility, resulting in the term loan being fully paid off as of June 26, 2026.
+Added: This significantly reduced the Company's variable-rate debt and corresponding exposure to interest rate risk.
+Added: As of June 26, 2026, the Company's remaining variable-rate debt consisted of$15.0 million outstanding under its revolving credit facility.
+Added: A hypothetical 100 basis point increase in borrowing rates on this outstanding balance would not have a material impact on the Company's results of operations.
Refer to Part II, Item 7A.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.