Long-Term Debt

6 Months Ended

Oct. 31, 2024

4.625% Senior Unsecured Notes due 2027

Long-term debt, net at amortized cost, consisted of the following:


In thousands	October 31, 2024		April 30, 2024
Senior Unsecured Notes	$	400,000	$	400,000
Less: Unamortized discount and issuance costs	(2,664)		(3,054)
Long-term borrowings, net of unamortized discount and debt issuance costs	$	397,336	$	396,946

Credit Facilities

On June 24, 2022, the Company entered into an amendment (the “Amendment”) to its December 16, 2019 Credit Agreement (the “Credit Agreement”; as amended by the Amendment, the “Amended Credit Agreement”) with a syndicate of banks and Bank of America, National Association as administrative agent. The Amended Credit Agreement provides for five-year senior secured credit facilities comprised of a $650.0 million revolving credit facility (the “Revolver”).

As of October 31, 2024 and April 30, 2024, there was no outstanding liability under the Revolver, and the Company was in compliance with its debt covenants. The Company had a total of $645.4 million and $645.5 million available under the Revolver after $4.6 million and $4.5 million of standby letters of credit were issued as of October 31, 2024 and April 30, 2024, respectively. The Company had a total of $12.8 million and $13.2 million of standby letters with other financial institutions as of October 31, 2024 and April 30, 2024, respectively. The standby letters of credit were generally issued in connection with the entry into certain office premise leases.