Debt (Tables)

9 Months Ended

Mar. 28, 2026

Debt consisted of the following:



(In millions)	As of March 28, 2026			As of June 28, 2025
Credit Agreement	$	2,083.5		$	2,355.0
5.500% Notes due 2027, effective interest rate 5.930%		-			1,060.0
4.250% Notes due 2029, effective interest rate 4.439%		1,000.0			1,000.0
6.125% Notes due 2032, effective interest rate 6.286%		1,000.0			1,000.0
5.625% Notes due 2034, effective interest rate 5.785%		1,060.0			-
Less: Original issue discount and deferred financing costs		(25.2	)		(26.2	)
Long-term debt		5,118.3			5,388.8
Less: current installments		—			—
Total debt, excluding current installments	$	5,118.3		$	5,388.8

ABL Facility [Member]

Summary of Outstanding Borrowings, Availability, and Average Interest Rate under ABL Facility

The following table summarizes outstanding borrowings, availability, and the average interest rate under the Company’s credit agreement:


(Dollars in millions)	As of March 28, 2026			As of June 28, 2025
Aggregate borrowings	$	2,083.5		$	2,355.0
Letters of credit		165.1			171.4
Excess availability, net of lenders’ reserves of $97.5 and $106.0		2,751.4			2,473.6
Average interest rate, excluding impact of interest rate swaps		5.30	%		5.86	%

- 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

Performance Food Group Co 10-Q