Notes payable, long-term debt and capital lease obligations outstanding as of May 31, 2018 and August 31, 2017 are summarized below (in thousands):



	Maturity Date	May 31, 2018		August 31, 2017
8.250% Senior Notes^(1)(2)(3)	Mar 15, 2018	$	—	$	399,506
5.625% Senior Notes⁽¹⁾⁽²⁾	Dec 15, 2020	397,772		397,104
4.700% Senior Notes⁽¹⁾⁽²⁾	Sep 15, 2022	497,187		496,696
4.900% Senior Notes⁽¹⁾	Jul 14, 2023	298,753		298,571
3.950% Senior Notes^(1)(2)(3)	Jan 12, 2028	494,092		—
Borrowings under credit facilities⁽⁴⁾	Nov 8, 2022	247,000		—
Borrowings under loans⁽⁴⁾	Nov 8, 2022	487,016		458,395
Capital lease obligations		26,813		27,818
Total notes payable, long-term debt and capital lease obligations		2,448,633		2,078,090
Less current installments of notes payable, long-term debt and capital lease obligations		273,500		445,498
Notes payable, long-term debt and capital lease obligations, less current installments		$	2,175,133	$	1,632,592


⁽¹⁾	The notes are carried at the principal amount of each note, less any unamortized discount and unamortized debt issuance costs.


⁽²⁾	The Senior Notes are the Company’s senior unsecured obligations and rank equally with all other existing and future senior unsecured debt obligations.


⁽³⁾	During the second quarter of fiscal year 2018, the Company issued $500.0 million of publicly registered 3.950% Senior Notes due 2028 (the "3.950% Senior Notes"). The net proceeds from the offering were used for general corporate purposes, including to redeem $400.0 million of the Company's outstanding 8.250% Senior Notes due 2018 and pay related costs and a "make-whole" premium.

⁽⁴⁾

On November 8, 2017, the Company entered into an amended and restated senior unsecured five-year credit agreement. The credit agreement provides for: (i) the Revolving Credit Facility in the initial amount of $1.8 billion, which may, subject to the lenders’ discretion, be increased up to $2.3 billion and (ii) a $500.0 million Term Loan Facility (collectively the “Credit Facility”). The Credit Facility expires on November 8, 2022. The Revolving Credit Facility is subject to two whole or partial one-year extensions, at the lenders’ discretion. Interest and fees on the Credit Facility advances are based on the Company’s non-credit enhanced long-term senior unsecured debt rating as determined by Standard & Poor’s Ratings Service, Moody’s Investors Service and Fitch Ratings.

During the nine months ended May 31, 2018, the interest rates on the Revolving Credit Facility ranged from 2.4% to 4.4% and the interest rates on the Term Loan Facility ranged from 2.6% to 3.3%. Interest is charged at a rate equal to (a) for the Revolving Credit Facility, either 0.000% to 0.575% above the base rate or 0.975% to 1.575% above the Eurocurrency rate and (b) for the Term Loan Facility, either 0.125% to 0.875% above the base rate or 1.125% to 1.875% above the Eurocurrency rate. The base rate represents the greatest of: (i) Citibank, N.A.’s base rate, (ii) 0.50% above the federal funds rate, and (iii) 1.0% above one-month LIBOR, but not less than zero. The Eurocurrency rate represents adjusted LIBOR or adjusted CDOR, as applicable, for the applicable interest period, but not less than zero. Fees include a facility fee based on the revolving credit commitments of the lenders and a letter of credit fee based on the amount of outstanding letters of credit.

Additionally, the Company’s foreign subsidiaries had various additional credit facilities that finance their future growth and any corresponding working capital needs.

As of May 31, 2018, the Company has $1.9 billion in available unused borrowing capacity under its revolving credit facilities.