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)

3 Months Ended

Apr. 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 sheet:


(In thousands)	March 2021		December 2020		March 2020
Revolving Credit Facility	$	—	$	—	$	475,000
Term Loan A	684,741		694,241		695,389
Term Loan B	130,564		218,716		218,347
Total long-term debt	815,305		912,957		1,388,736
Less: current portion	(24,375)		(25,000)		—
Long-term debt, due beyond one year	$	790,930	$	887,957	$	1,388,736

- 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