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Notes Payable, net
 3 Months Ended
Nov. 30, 2024
Debt Disclosure [Abstract]  
Notes Payable, net

Note 8 – Notes Payable, net

 

(In millions)

 

November 30,
2024

 

 

August 31,
2024

 

Leasing nonrecourse term loans

 

$

785.1

 

 

$

792.1

 

Senior term debt

 

 

248.1

 

 

 

251.7

 

2.875% Convertible senior notes, due 2028

 

 

373.8

 

 

 

373.8

 

Other notes payable

 

 

3.3

 

 

 

3.3

 

 

 

$

1,410.3

 

 

$

1,420.9

 

Debt discount and issuance costs

 

 

(15.8

)

 

 

(16.7

)

 

 

$

1,394.5

 

 

$

1,404.2

 

Leasing nonrecourse term loans include:

•
Nonrecourse senior term debt, which is secured by a pool of leased railcars. The principal balance as of November 30, 2024 was $317.4 million.
•
Asset-backed term notes secured by a portfolio of leased railcars, which includes the term notes issued by GBX Leasing 2022-1 LLC. The principal balance as of November 30, 2024 was $467.7 million.