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NEW MARKETS TAX CREDIT TRANSACTIONS New Markets Tax Credit Transactions (Tables)

12 Months Ended

Aug. 31, 2024

Income Tax Disclosure [Abstract]

Schedule of New Markets Tax Credit Transactions

The following table summarizes the key terms and conditions for each of the three NMTC transactions ($ in millions):

Project						USBCDC Capital Contribution						Commonwealth Loan						Commonwealth Loan Rate / Maturity						Investment Fund(s)						QEI to CDE						CDE Loan
Micro mill(1)						$17.7						$35.3						1.08% / December 24, 2045						USBCDC Investment Fund 156, LLC						$51.5						$50.7
Spooler(1)						6.7						14.0						1.39% / July 26, 2042						Twain Investment Fund 249, LLC						20.0						19.4
T-post shop						5.0						10.4						1.16% / March 23, 2047						Twain Investment Fund 219, LLC Twain Investment Fund 222, LLC						15.0						14.7

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(1) The Exercise Period (as defined below) on USBCDC Investment Fund 156, LLC and Twain Investment Fund 249, LLC ended in 2023 and 2024, respectively.

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