XML 42 R32.htm IDEA: XBRL DOCUMENT v3.22.2.2
Long-Term Debt (Tables)
6 Months Ended
Aug. 31, 2022
Debt Disclosure [Abstract]  
Summary of long-term debt
A summary of our long-term debt follows:
(in thousands)August 31, 2022February 28, 2022
Mississippi Business Finance Corporation Loan (the “MBFC Loan”) (1)
$14,807 $16,707 
Credit Agreement (1):
Revolving loans908,000 799,500 
Term loans250,000 — 
Total borrowings under Credit Agreement1,158,000 799,500 
Subtotal1,172,807 816,207 
Unamortized prepaid financing fees(3,065)(2,991)
Total long-term debt1,169,742 813,216 
Less: current maturities of long-term debt(20,872)(1,884)
Long-term debt, excluding current maturities$1,148,870 $811,332 
(1)The weighted average interest rates on borrowings outstanding under both the MBFC Loan and Credit Agreement as of August 31, 2022 and February 28, 2022 were 3.9% and 1.2%, respectively.
Schedule of Maturities of Long-Term Debt
Aggregate annual maturities of our long-term debt as of August 31, 2022 are as follows:

(in thousands)
Fiscal 2023 (balance for remainder of fiscal year)
$3,125 
Fiscal 202421,057 
Fiscal 20256,250 
Fiscal 20261,142,375 
Fiscal 2027— 
Thereafter— 
Total$1,172,807