XML 40 R30.htm IDEA: XBRL DOCUMENT v3.23.2
Long-Term Debt (Tables)
3 Months Ended
May 31, 2023
Debt Disclosure [Abstract]  
Summary of long-term debt
A summary of our long-term debt follows:
(in thousands)May 31, 2023February 28, 2023
Credit Agreement (1):
Revolving loans594,000 690,000 
Term loans245,312 246,875 
Total borrowings under Credit Agreement839,312 936,875 
Unamortized prepaid financing fees(2,155)(2,463)
Total long-term debt837,157 934,412 
Less: current maturities of long-term debt(6,235)(6,064)
Long-term debt, excluding current maturities$830,922 $928,348 
(1)The weighted average interest rates on borrowings outstanding under the Credit Agreement (defined below) as of May 31, 2023 and February 28, 2023 were 6.8% and 6.6%, respectively.