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Long-Term Debt (Tables)

6 Months Ended

Aug. 31, 2025

A summary of our long-term debt follows:


(in thousands)	August 31, 2025		February 28, 2025
Credit Agreement (1):
Revolving loans	$	411,900	$	678,100
Term loans	486,719		243,750
Total borrowings under Credit Agreement	898,619		921,850
Unamortized prepaid financing fees	(5,399)		(4,956)
Total long-term debt	893,220		916,894
Less: current maturities of long-term debt	(21,875)		(9,375)
Long-term debt, excluding current maturities	$	871,345	$	907,519

(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 August 31, 2025 and February 28, 2025 were 5.9% and 5.6%, 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