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CREDIT ARRANGEMENTS (Tables)
 6 Months Ended
Feb. 28, 2017
Debt Disclosure [Abstract]  
Long-term debt, including the deferred gain from the termination of the interest rate swaps
At February 28, 2017, the Company was in compliance with all covenants contained in its debt agreements.

Long-term debt, including the deferred gain from the termination of the interest rate swaps, was as follows: 
(in thousands)
 
Weighted Average
Interest Rate as of February 28, 2017
 
February 28, 2017
 
August 31, 2016
2023 Notes
 
4.875%
 
$
330,000

 
$
330,000

2018 Notes
 
6.40%
 
406,562

 
408,874

2017 Notes
 
5.74%
 
301,115

 
302,601

Other, including equipment notes
 
 
 
30,356

 
34,166

Total debt
 
 
 
1,068,033

 
1,075,641

     Less debt issuance costs
 
 
 
3,696

 
4,224

Total amounts outstanding
 
 
 
1,064,337

 
1,071,417

     Less current maturities
 
 
 
312,200

 
313,469

Long-term debt
 
 
 
$
752,137

 
$
757,948


The Company has uncommitted credit facilities available from U.S. and international banks. In general, these credit facilities are used to support trade letters of credit (including accounts payable settled under bankers' acceptances), foreign exchange transactions and short-term advances which are priced at market rates.