Debt and Receivables Securitization (Tables)

6 Months Ended

Nov. 30, 2023

Summary of Long-term Debt and Short-term Borrowings Outstanding

The following table summarizes our long-term debt and short-term borrowings outstanding at November 30, 2023 and May 31, 2023:


	November 30,			May 31,
(In thousands)	2023			2023
Short-term borrowings	$	175,000		$	2,813
4.60% senior notes due August 10, 2024		150,000			150,000
4.55% senior notes due April 15, 2026		-			243,623
4.30% senior notes due August 1, 2032		200,000			200,000
1.56% Series A senior note due August 23, 2031		39,962			39,226
1.90% Series B senior notes due August 23, 2034		59,887			58,786
Other		402			528
Total debt		625,251			694,976
Unamortized discount and debt issuance costs		(1,433	)		(2,181	)
Total debt, net		623,818			692,795
Less: current maturities and short-term borrowings		325,269			3,077
Total long-term debt	$	298,549		$	689,718

Maturities of Long-term Debt and Short-term Borrowings

Maturities of long-term debt and short-term borrowings in fiscal 2024 year and the four fiscal years thereafter, are as follows:


(In thousands)
2024 (1)	$	175,133
2025		150,269
2026		-
2027		-
2028		-
Thereafter		299,849
Total	$	625,251

(1)

Includes $175,000 associated with the Worthington Steel Credit Facility (as defined below). Subsequent to the Separation on December 1, 2023, we have no remaining obligation. See the “Other Financing Arrangements” section below for additional information.