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LONG-TERM DEBT (Tables)

3 Months Ended

Oct. 31, 2020

Debt Disclosure [Abstract]

Schedule of debt

The Company’s long-term debt consisted of the following:

(in thousands)			Average Interest Rate at October 31, 2020						Fiscal Maturity Year						October 31, 2020						August 1, 2020
Term Loan Facility			4.40%						2026						$	1,165,000					$	1,773,000
ABL Credit Facility			1.60%						2024						986,700						756,712
Senior Notes			6.75%						2029						500,000						—
Other secured loans			5.19%						2024-2025						46,138						49,268
Debt issuance costs, net															(42,122)						(45,846)
Original issue discount on debt															(22,316)						(35,508)
Long-term debt, including current portion															2,633,400						2,497,626
Less: current portion of long-term debt															(12,813)						(70,632)
Long-term debt															$	2,620,587					$	2,426,994

Schedule of line of credit facilities

The assets included in the Condensed Consolidated Balance Sheets securing the outstanding obligations under the ABL Credit Facility on a first-priority basis, and the unused credit and fees under the ABL Credit Facility, were as follows:

Assets securing the ABL Credit Facility (in thousands)(1):			October 31, 2020						August 1, 2020
Certain inventory assets included in Inventories and Current assets of discontinued operations			$	2,476,391					$	2,270,892
Certain receivables included in Accounts receivable, net and Current assets of discontinued operations			$	1,123,306					$	1,077,682

(1)The ABL Credit Facility is also secured by all of the Company’s pharmacy scripts, which are included in Intangibles, net in the Condensed Consolidated Balance Sheets as of October 31, 2020 and August 1, 2020.

Unused credit and fees under the ABL Credit Facility (in thousands, except percentages):			October 31, 2020
Outstanding letters of credit			$	97,207
Letter of credit fees			1.375		%
Unused credit			$	1,008,288
Unused facility fees			0.25		%

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- Definition

Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation.

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- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

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