Annual report pursuant to Section 13 and 15(d)

Short-term Financing (Tables)

v3.24.2
Short-term Financing (Tables)
 12 Months Ended
May 31, 2024
Revolving Credit Facility [Member]  
Line of Credit Facility [Line Items]  
Description of Credit Facilities

Details of the Company’s credit facilities as of May 31, 2024 are as follows:

 

 

 

 

 

Maximum

 

 

Amount Outstanding

 

 

 

 

 

Amount

 

 

May 31,

 

$ in millions

 

Expiration Date

 

Available

 

 

2024

 

 

2023

 

Credit facilities:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

JP Morgan Chase Bank, N.A. (“JPM”)(1)

 

April 12, 2029

 

$

 

1,000.0

 

 

$

 

—

 

 

$

 

—

 

JPM (1)

 

September 17, 2026

 

$

 

750.0

 

 

 

 

—

 

 

 

 

—

 

PNC Bank, National Association (“PNC”) (weighted-average interest
   rate of 6.14 % at May 31, 2024 and 5.83% at May 31, 2023)

 

February 6, 2026

 

$

 

250.0

 

 

 

 

18.7

 

 

 

 

10.2

 

Outstanding short-term financing (2)

 

 

 

 

 

 

 

$

 

18.7

 

 

$

 

10.2

 

 

(1)
JPM acts as the administrative agent for this syndicated credit facility.
(2)
The total amount available under these credit facilities as of May 31, 2024 was approximately $2.0 billion. Amounts borrowed under the PNC credit facility remain outstanding as of the date of this report.