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Long-Term Debt (Tables)

9 Months Ended

Nov. 30, 2023

A summary of our long-term debt follows:


(in thousands)	November 30, 2023		February 28, 2023

Credit Agreement (1):
Revolving loans	$	495,000	$	690,000
Term loans	242,188		246,875
Total borrowings under Credit Agreement	737,188		936,875

Unamortized prepaid financing fees	(1,540)		(2,463)
Total long-term debt	735,648		934,412
Less: current maturities of long-term debt	(6,235)		(6,064)
Long-term debt, excluding current maturities	$	729,413	$	928,348

(1)The weighted average interest rates on borrowings outstanding under the Credit Agreement (defined below) as of November 30, 2023 and February 28, 2023 were 7.1% and 6.6%, respectively.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details