Kontoor Brands, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Tables)

SHORT-TERM BORROWINGS AND LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2022

The following table presents the components of "long-term debt" as recorded in the Company's balance sheets:


(In thousands)	December 2022		December 2021
Revolving Credit Facility	—		—
Term Loan A	397,954		397,427

4.125% Notes, due 2029	394,665		393,890
Total long-term debt	792,619		791,317
Less: current portion	(10,000)		—
Long-term debt, due beyond one year	$	782,619	$	791,317

Schedule of Payments of Long-Term Debt

The following table presents scheduled payments of long-term debt as of December 2022 for the next five years and thereafter:


(In thousands)	Future Principal Payments

2023	$	10,000
2024	20,000
2025	20,000
2026	350,000
2027	—
Thereafter	400,000
	800,000

Less: unamortized deferred financing costs	(7,381)
Total long-term debt	792,619
Less: current portion	(10,000)
Long-term debt, due beyond one year	$	782,619

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details