XML 47 R29.htm IDEA: XBRL DOCUMENT

Financing Arrangements (Tables)

12 Months Ended

May 31, 2020


	May 31,
	2020		2019
Revolving Credit Facility expiring September 25, 2024 with interest payable monthly	$	579.5	$	120.0
Term loan due November 1, 2021 with interest payable monthly		22.5		22.9
Total debt		602.0		142.9
Current maturities of debt		—		—
Debt issuance costs, net		(2.0)		(1.2)
Long-term debt	$	600.0	$	141.7

Schedule of borrowing activity under the Credit Agreement


	For the Year Ended May 31,
	2020			2019			2018
Maximum amount borrowed	$	579.5		$	287.0		$	275.0
Average daily borrowings		280.7			207.8			214.1
Average interest rate during the year		2.62	%		3.41	%		2.52	%

- 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