XML 64 R23.htm IDEA: XBRL DOCUMENT

Subsequent Events	3 Months Ended
Aug. 31, 2014
Subsequent Events	NOTE Q – Subsequent Events On September 26, 2014, our consolidated joint venture in Turkey, Worthington Aritas, executed a $32,344,000 five-year term loan credit facility denominated in Euros. At the time of closing we borrowed $17,060,000 against the facility, leaving $15,284,000 available for future borrowings. The facility bears interest at a variable rate based on EURIBOR. The applicable variable rate was 1.582% at September 26, 2014.

Subsequent Events

3 Months Ended

Aug. 31, 2014

NOTE Q – Subsequent Events

On September 26, 2014, our consolidated joint venture in Turkey, Worthington Aritas, executed a $32,344,000 five-year term loan credit facility denominated in Euros. At the time of closing we borrowed $17,060,000 against the facility, leaving $15,284,000 available for future borrowings. The facility bears interest at a variable rate based on EURIBOR. The applicable variable rate was 1.582% at September 26, 2014.