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Notes Payable and Long-Term Debt
 3 Months Ended
Nov. 30, 2014
Debt Disclosure [Abstract]  
Notes Payable and Long-Term Debt
Notes Payable and Long-Term Debt

Our notes payable and long-term debt are subject to various restrictive requirements for maintenance of minimum consolidated net worth and other financial ratios. We were in compliance with our debt covenants as of November 30, 2014.


November 30, 2014

August 31, 2014

(Dollars in thousands)
Notes payable
$
896,342


$
840,699

CHS Capital notes payable
396,974


318,774

Total notes payable
$
1,293,316


$
1,159,473


On November 30, 2014, our primary line of credit was a five-year revolving facility with a committed amount of $2.5 billion. We had no amounts outstanding as of November 30, 2014 and August 31, 2014.
    
Interest, net for the three months ended November 30, 2014 and 2013 is as follows:
 
For the Three Months Ended November 30,
 
2014
 
2013
 
(Dollars in thousands)
Interest expense
$
21,036

 
$
23,519

Interest-purchase of NCRA noncontrolling interests
14,068

 
11,124

Capitalized interest
(11,905
)
 
(2,265
)
Interest income
(2,598
)
 
(1,593
)
Interest, net
$
20,601

 
$
30,785