Long-Term Debt and Line of Credit (Tables)

6 Months Ended

Feb. 29, 2020

At February 29, 2020 and August 31, 2019, there were no cash amounts drawn against the Revolving Credit Facility. Long-term debt consists of the following:



(In thousands)	February 29, 2020		August 31, 2019
Term Loan (effective rate of 5.4% at February 29, 2020)	$	635,500	$	196,500
Finance lease liabilities (effective rate of 5.6% at February 29, 2020)	1,050		—
Less: Deferred financing fees	12,210		5,565
Total debt	624,340		190,935
Less: Current maturities, net of deferred financing fees of $0.0 million at February 29, 2020 and $1.3 million at August 31, 2019	—		676
Current finance lease liabilities	264		—
Long-term debt, net of deferred financing fees	$	624,076	$	190,259

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details