XML 27 R45.htm IDEA: XBRL DOCUMENT v3.20.2
Financing Arrangements (Details)
$ in Millions, $ in Millions
Sep. 25, 2019
USD ($)
Oct. 18, 2017
CAD ($)
facility
Aug. 31, 2020
USD ($)
May 31, 2020
USD ($)
Financing Arrangements        
Total debt     $ 257.0 $ 602.0
Debt issuance costs, net     (1.9) (2.0)
Long-term debt     255.1 600.0
Term Loan        
Financing Arrangements        
Total debt     23.8 22.5
Long-term debt   $ 31    
Revolving Credit Facility expiring September 25, 2024 with interest payable monthly        
Financing Arrangements        
Current borrowing capacity $ 600.0      
Increase in borrowing capacity 300.0      
Maximum borrowing capacity $ 900.0      
Payroll Support Program Promissory Note        
Financing Arrangements        
Total debt     8.7  
CDOR | Minimum | Term Loan        
Financing Arrangements        
Basis spread on variable rate (as a percent)   1.25%    
CDOR | Maximum | Term Loan        
Financing Arrangements        
Basis spread on variable rate (as a percent)   2.25%    
Eurodollar rate | Revolving Credit Facility expiring September 25, 2024 with interest payable monthly | Minimum        
Financing Arrangements        
Debt instrument basis spread on variable rate after amendment 0.875%      
Eurodollar rate | Revolving Credit Facility expiring September 25, 2024 with interest payable monthly | Maximum        
Financing Arrangements        
Debt instrument basis spread on variable rate after amendment 1.75%      
Base rate | Revolving Credit Facility expiring September 25, 2024 with interest payable monthly | Minimum        
Financing Arrangements        
Debt instrument basis spread on variable rate after amendment 0.00%      
Base rate | Revolving Credit Facility expiring September 25, 2024 with interest payable monthly | Maximum        
Financing Arrangements        
Debt instrument basis spread on variable rate after amendment 0.75%      
Prime Rate | Minimum | Term Loan        
Financing Arrangements        
Basis spread on variable rate (as a percent)   0.25%    
Prime Rate | Maximum | Term Loan        
Financing Arrangements        
Basis spread on variable rate (as a percent)   1.25%    
Revolving credit facility        
Financing Arrangements        
Total debt     $ 224.5 $ 579.5
MRO facilities acquired in Canada owned by Premier Aviation        
Financing Arrangements        
Number of facilities acquired | facility   2