Company: JBI
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001839839-25-000150
Chunk: 20

Company: Janus International Group, Inc.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 8
Chunk 20
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 presented as part of other assets within our Unaudited Condensed Consolidated Balance Sheet. The amortization of the deferred loan costs is included in interest expense, net on the Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income. 

Amortization of approximately $0.1 was recognized for the three month periods ended September 27, 2025 and September 28, 2024, respectively, and $0.2 was recognized for the nine month periods ended September 27, 2025 and September 28, 2024, respectively. The unamortized portion of the fees as of September 27, 2025 and December 28, 2024, was approximately $0.7 and $0.9, respectively. There were no borrowings outstanding on the line of credit as of September 27, 2025 and December 28, 2024.

As of September 27, 2025, and December 28, 2024, we maintained one letter of credit totaling approximately $0.4 on which there were no balances due. As of September 27, 2025, and December 28, 2024, our borrowing base capacity was approximately $77.3 and $82.4, respectively.

17

Janus International Group, Inc.Notes to Unaudited Condensed Consolidated Financial Statements

10. Long-Term DebtLong-term debt consists of the following for the periods presented:(dollar amounts in millions)September 27, 2025December 28, 2024Note payable - First Lien $554.0 $598.5 Financing leases3.0 3.4  $557.0 $601.9 Less: unamortized deferred finance fees8.0 9.9 Less: current maturities8.7 8.8 Total long-term debt$540.3 $583.2 

Notes Payable - First Lien - As a result of a credit rating upgrade in March 2024, the First Lien term loan allowed the previous applicable margin rate to decrease from 3.25% to 3.00%. On April 18, 2024, we made a voluntary prepayment of $21.9 toward the First Lien Credit and Guarantee Agreement, dated as of February 12, 2018 (as amended to date, the “First Lien Term Loan”). On April 30,