Kontoor Brands, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Annual report [Section 13 and 15(d), not S-K Item 405]

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

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

12 Months Ended

Dec. 28, 2024

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


(In thousands)	December 2024		December 2023
Revolving Credit Facility	$	—	$	—
Term Loan A	344,100		388,481

4.125% Notes, due 2029	396,215		395,440
Total long-term debt	740,315		783,921
Less: current portion	—		(20,000)
Long-term debt, due beyond one year	$	740,315	$	763,921

Schedule of Payments of Long-Term Debt

The following table presents scheduled payments of long-term debt as of December 2024 for the next five years and thereafter:


(In thousands)	Future Principal Payments

2025	$	—
2026	345,000
2027	—
2028	—
2029	400,000
Thereafter	—
	745,000

Less: unamortized deferred financing costs	(4,685)
Total long-term debt	740,315
Less: current portion	—
Long-term debt, due beyond one year	$	740,315

- 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.

+ References

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+ Details