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v3.21.2

Debt (Tables) | 3 Months Ended
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May 31, 2021
Debt Disclosure [Abstract] |
Schedule Of Debt | Debt
(In thousands) |  | As of May 31 |  | As of February 28
Debt Description (1) | Maturity Date | 2021 |  | 2021
Revolving credit facility (2) | June 2024 | $ | — |  |  | $ | — |
Term loan (2) | June 2024 | 300,000 |  |  | 300,000 |
3.86% Senior notes | April 2023 | 100,000 |  |  | 100,000 |
4.17% Senior notes | April 2026 | 200,000 |  |  | 200,000 |
4.27% Senior notes | April 2028 | 200,000 |  |  | 200,000 |
Financing obligations | Various dates through February 2059 | 531,583 |  |  | 533,578 |
Non-recourse notes payable | Various dates through March 2028 | 14,361,497 |  |  | 13,764,808 |
Total debt |  | 15,693,080 |  |  | 15,098,386 |
Less: current portion |  | (506,879) |  |  | (452,579) |
Less: unamortized debt issuance costs |  | (25,206) |  |  | (25,888) |
Long-term debt, net |  | $ | 15,160,995 |  |  | $ | 14,619,919 |
(1) Interest is payable monthly, with the exception of our senior notes, which are payable semi-annually. (2) Borrowings accrue interest at variable rates based on the Eurodollar rate (LIBOR), the federal funds rate, or the prime rate, depending on the type of borrowing.
Schedule of Funding Vehicles [Table Text Block] |
(In billions) | Capacity
Warehouse facilities: |
August 2021 expiration | $ | 1.40 |
September 2021 expiration | 0.18 |
February 2022 expiration | 2.35 |
Combined warehouse facility limit | $ | 3.93 |
Unused capacity | $ | 1.07 |
Non-recourse notes payable outstanding: |
Warehouse facilities | $ | 2.86 |
Asset-backed term funding transactions | 11.50 |
Non-recourse notes payable | $ | 14.36 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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