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Long-Term Debt (Tables) | 3 Months Ended
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May 31, 2024
Debt Disclosure [Abstract] |
Summary of long-term debt | A summary of our long-term debt follows:
(in thousands) | May 31, 2024 |  | February 29, 2024
Credit Agreement (1): |  |  |
Revolving loans | $ | 505,900 |  |  | $ | 421,950 |
Term loans | 248,437 |  |  | 250,000 |
Total borrowings under Credit Agreement | 754,337 |  |  | 671,950 |
Unamortized prepaid financing fees | (5,960) |  |  | (6,279) |
Total long-term debt | 748,377 |  |  | 665,671 |
Less: current maturities of long-term debt | (7,031) |  |  | (6,250) |
Long-term debt, excluding current maturities | $ | 741,346 |  |  | $ | 659,421 |
(1)The weighted average interest rates on borrowings outstanding under the Credit Agreement (defined below) inclusive of the impact of our interest rate swaps as of May 31, 2024 and February 29, 2024 were 6.4% and 6.0%, respectively.

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