Kontoor Brands, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

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

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

6 Months Ended

Jul. 03, 2021

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Long-term Debt

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


(In thousands)	June 2021		December 2020		June 2020
Revolving Credit Facility	$	—	$	—	$	225,000
Term Loan A	660,334		694,241		693,393
Term Loan B	130,678		218,716		218,320
Total long-term debt	791,012		912,957		1,136,713
Less: current portion	(8,750)		(25,000)		(6,250)
Long-term debt, due beyond one year	$	782,262	$	887,957	$	1,130,463

- 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