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SUBSEQUENT EVENTS
12 Months Ended
Aug. 31, 2022
SUBSEQUENT EVENTS [Abstract]  
SUBSEQUENT EVENTS NOTE 17 – SUBSEQUENT EVENTS

The Company has evaluated all events subsequent to the balance sheet date of August 31, 2022 through the date of issuance of these consolidated financial statements and has determined that, except as set forth below, there are no subsequent events that require disclosure.

On September 26, 2022, the Company’s Colombia subsidiary entered into a fixed-to-fixed cross-currency interest rate swap on an existing U.S. Dollar-denominated loan wherein the Company will pay interest of 10.35% on 56.0 billion Colombian pesos and receive interest of 3.00% on $12.5 million U.S. dollars. The swap is designated as a cash flow hedge.

On October 3, 2022, the Company’s Guatemala subsidiary received a disbursement of 97.5 million Guatemalan quetzals, or approximately $12.4 million in U.S. dollars, on a loan originally entered into in October 2021.