Note 6 - Debt (Tables)

6 Months Ended

Sep. 28, 2024

Schedule of Maturities of Long-Term Debt [Table Text Block]

Years ending March 31:
Balance of 2025	$	2,047
2026		3,684
2027		3,684
2028		3,684
2029		3,684
2030 and thereafter		9,003
Total minimum payments required		25,786
Less interest		4,466
Total finance obligation		21,320
Amount due within one year		2,490
Finance obligation, less current portion	$	18,830

Schedule of Long-Term Debt Instruments [Table Text Block]

	As of:
	September 28,			September 30,			March 31,
	2024			2023			2024
Revolving credit facility	$	146,421		$	134,757		$	237,225

Term loans
Term Loan A-1
Outstanding principal		83,000			87,000			85,000
Unamortized debt issuance costs		(21	)		(53	)		(37	)
Term Loan A-1, net		82,979			86,947			84,963

Term Loan A-2
Outstanding principal		276,000			291,000			283,500
Unamortized debt issuance costs		(788	)		(1,019	)		(902	)
Term Loan A-2, net		275,212			289,981			282,598

Other		-			216			-
Total long-term debt		504,612			511,901			604,786
Less current portion		98,000			19,216			19,000
Long-term debt, less current portion	$	406,612		$	492,685		$	585,786

Schedule of Line of Credit Facilities [Table Text Block]

	As of:
	September 28,			September 30,			March 31,
	2024			2023			2024
Outstanding borrowings	$	146,421		$	134,757		$	237,225
Interest rate		6.76	%		6.93	%		6.93	%

	Three Months Ended						Six Months Ended
	September 28,			September 30,			September 28,			September 30,
	2024			2023			2024			2023
Maximum amount of borrowings drawn during the period	$	209,189		$	134,757		$	233,063		$	180,785
Average outstanding borrowings	$	172,039		$	75,955		$	194,398		$	92,218
Weighted average interest rate		7.02	%		6.95	%		7.02	%		6.67	%

- 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

Seneca Foods Corp 10-Q