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Long-Term Debt (Tables)

3 Months Ended

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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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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