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$300 MILLION NOTE OFFERING
6 Months Ended
Nov. 30, 2012
$300 MILLION NOTE OFFERING

NOTE 19 — $300 MILLION NOTE OFFERING

During the current quarter, we sold $300 million of our 3.450% Notes due November 15, 2022. In accordance with the agreement, we will pay interest on the Notes semi-annually on May 15th and November 15th of each year, beginning on May 15, 2013. The net proceeds, totaling approximately $297.7 million, were used to repay a portion of the outstanding borrowings under our revolving credit facility.