
			November 30,		August 31,
	Issuance	Maturities	2022		2022

Credit Agreement – revolving credit facility ⁽¹⁾	Various	9/30/2025	$	82,439	$	77,912

Note Agreement
Series A Notes – 3.39% fixed rate⁽²⁾	11/15/2017	2021-2032		16,000		16,400
Series B Notes – 2.50% fixed rate⁽³⁾	9/30/2020	11/15/2027		26,000		26,000
Series C Notes – 2.69% fixed rate⁽³⁾	9/30/2020	11/15/2030		26,000		26,000
Total borrowings				150,439		146,312
Short-term portion of borrowings				(42,537)		(39,173)
Total long-term borrowings			$	107,902	$	107,139

(1)The Company can refinance any draw under the line of credit with successive short-term borrowings through the maturity date. Outstanding draws for which management has the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. As of November 30, 2022, $40.7 million on this facility is classified as long-term and is denominated in Euros and Pound Sterling, whereas $41.7 million is classified as short-term and is denominated entirely in U.S. Dollar. Euro and Pound Sterling denominated draws will fluctuate in U.S. Dollars from period to period due to changes in foreign currency exchange rates.

(2)Principal payments are required semi-annually in May and November of each year in equal installments of $0.4 million through May 15, 2032, resulting in $0.8 million classified as short-term. The remaining outstanding principal in the amount of $8.4 million will become due on November 15, 2032.

(3)Interest on notes is payable semi-annually in May and November of each year with no principal due until the maturity date.