Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.3.1.900
Commitments and Contingencies (Tables)
9 Months Ended
Feb. 29, 2016
Line of Credit [Member]  
Line of Credit Facility [Line Items]  
Line of credit facility
As of February 29, 2016, the Company had unused borrowing capacity available under four uncommitted, secured, short-term lines of credit at market rates of interest with financial institutions as follows:
Financial institution
Amount available
 
Expiration date
JP Morgan Chase Bank, N.A.
$350 million
 
February 27, 2017
Bank of America, N.A.
$250 million
 
February 28, 2017
PNC Bank, National Association
$150 million
 
February 27, 2017
Wells Fargo Bank, National Association
$150 million
 
February 27, 2017
Revolving Credit Facility [Member]  
Line of Credit Facility [Line Items]  
Line of credit facility
During the nine months ended February 29, 2016 and February 28, 2015, the Company borrowed against this facility, and its predecessor facility, one or two times during a quarter overnight as follows:
 
 
 
For the nine months ended
$ in millions
 
 
February 29, 2016
 
February 28, 2015
Maximum amount borrowed
 
 
$
350.0

 
$
150.0

Average amount borrowed
 
 
$
217.0

 
$
125.0

Weighted-average interest rate
 
 
3.25
%
 
3.25
%