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Debt (Tables) | 12 Months Ended
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May 31, 2024
Debt Disclosure [Abstract] |
Schedule of Long-Term Debt Instruments | Long-term debt consisted of the following components (in thousands):
| Interest Rate |  | Maturity Date |  | May 31, 2024 |  | May 31, 2023
Starion Term Loan | 6.50% |  | July 2027 |  | $ | 10,021 |  |  | $ | 12,786 |
Vantage Garden City Loan | 6.15% |  | April 2028 |  | — |  |  | 10,074 |
Starion Ellendale Loan | 7.48% |  | February 2028 |  | 16,145 |  |  | 19,728 |
Vantage Transformer Loan | 6.50% |  | February 2029 |  | 3,609 |  |  | — |
Cornerstone Bank Loan | 8.59% |  | March 2029 |  | 15,576 |  |  | — |
Yorkville Convertible Debt | 0.00% |  | April 2025 |  | 80,243 |  |  | — |
Other long-term debt |  |  |  |  | 297 |  |  | 354 |
Deferred financing costs, net of amortization |  |  |  |  | (501) |  |  | (1,770) |
Less: Current portion of debt |  |  |  |  | (10,082) |  |  | (7,950) |
Long-term debt, net |  |  |  |  | $ | 115,308 |  |  | $ | 33,222 |
Below is the weighted-average interest rate for the Company's term loans:
| May 31, 2024 |  | May 31, 2023
Weighted-average interest rate | 2.7 | % |  | 13.4 | %
Schedule of Maturities of Long-Term Debt | Below is a summary of the remaining principal payments due over the life of the term loans as of May 31, 2024 (in thousands):
FY25 | $ | 46,111 |
FY26 | 55,487 |
FY27 | 11,935 |
FY28 | 8,512 |
FY29 | 3,845 |
Total | $ | 125,890 |

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