Item 3. Quantitative and Qualitative Disclosures About Market Risk
ITEM 3. Quantitative and Qualitative Disclosures About Market Risk
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. This significantly reduced the Company's variable-rate debt and corresponding exposure to interest rate risk. As of June 26, 2026, the Company's remaining variable-rate debt consisted of$15.0 million outstanding under its revolving credit facility. 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. “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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