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Subsequent Events
6 Months Ended
Aug. 31, 2020
Subsequent Events [Abstract]  
Subsequent Events Subsequent Event
The Company, on October 9, 2020, completed a private placement transaction whereby the Company borrowed $150.0 million of senior unsecured notes (the “Notes”) consisting of two separate tranches:

7-year borrowing: $70.0 million priced at 2.77% coupon, and
12-year borrowing: $80.0 million priced at 3.17% coupon.The new borrowing includes a three month delayed funding free of charge, and a four month delayed funding available at a 2 basis point premium. The proceeds of the borrowing will be funded in December 2020 and January 2021, and will be utilized to repay the existing $125.0 million 5.42% Senior Notes maturing on January 20, 2021 as well as being available for general corporate purposes. Interest on the outstanding Notes will be paid semi-annually.