CREDIT ARRANGEMENTS (Tables)

3 Months Ended

Nov. 30, 2019

Long-term debt, including the deferred gain from the termination of the interest rate swaps

Long-term debt at November 30, 2019 and August 31, 2019 was as follows:



(in thousands)	Weighted Average Interest Rate at November 30, 2019	November 30, 2019		August 31, 2019
2027 Notes	5.375%	$	300,000	$	300,000
2026 Notes	5.750%	350,000		350,000
2023 Notes	4.875%	330,000		330,000
Term Loan	3.624%	160,125		210,125
Short-term borrowings	2.403%	—		3,929
Finance leases		39,713		37,699
Other		23,168		23,168
Total debt		1,203,006		1,254,921
Less debt issuance costs		9,846		10,268
Total amounts outstanding		1,193,160		1,244,653
Less current maturities		13,717		13,510
Less short-term borrowings		—		3,929
Current maturities of long-term debt and short-term borrowings		13,717		17,439
Long-term debt		$	1,179,443	$	1,227,214

- 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