Subsequent Events

3 Months Ended

Nov. 30, 2014

Subsequent Events [Abstract]

Subsequent Events

Note 19.  Subsequent Events

On December 19, 2014, the Company and WBA, entered into a Revolving Credit Agreement (the 364-Day Credit Agreement) with the lenders party thereto and Mizuho Bank, Ltd., as administrative agent.  The 364-Day Credit Agreement is a 364-day unsecured, multicurrency revolving facility.  The aggregate commitment of all lenders under the 364-Day Credit Agreement will be equal to $750 million.  The Company will be the initial borrower under the 364-Day Credit Agreement.  To the extent that the Reorg Merger is consummated on or prior to the date of the consummation of the second step transaction (and subject to the satisfaction (or waiver) of certain other conditions set forth therein), WBA will also be a borrower under the 364-Day Credit Agreement.  To the extent the Reorg Merger is consummated on or prior to the date of the consummation of the second step transaction, the Company will guarantee the punctual payment when due, whether at stated maturity, by acceleration or otherwise, of all obligations of WBA under the 364-Day Credit Agreement, which guarantee shall remain in full force and effect until certain conditions are met.  See the Current Report on Form 8-K filed by the Company on December 24, 2014 for further details.

On December 29, 2014, the Company's shareholders voted to approve all proposals related to the second step transaction and the Reorg Merger.  The Company currently expects to complete the second step transaction and the Reorg Merger on December 31, subject to the satisfaction of customary closing conditions.  See the Current Report on Form 8-K filed by the Company on December 29, 2014 for further details.