
		Maturities	February 28,		August 31,
	Issuance	(calendar year)	2021		2020

Credit Agreement - revolving credit facility ⁽¹⁾⁽³⁾	Various	9/30/2025	$	47,931	$	95,898

Note Agreement
Series A Notes - 3.39% fixed rate⁽²⁾	11/15/2017	2021-2032		17,600		18,000
Series B Notes - 2.50% fixed rate⁽³⁾	9/30/2020	11/15/2027		26,000		-
Series C Notes - 2.69% fixed rate⁽³⁾	9/30/2020	11/15/2030		26,000		-
Total borrowings				117,531		113,898
Short-term portion of borrowings				(800)		(800)
Total long-term borrowings			$	116,731	$	113,098

(1)The Company has the ability to refinance any draw under the line of credit with successive short-term borrowings through the maturity date. Outstanding draws for which management has both the ability and intent to refinance with successive short-term borrowings for a period of at least twelve months are classified as long-term. As of February 28, 2021, the entire balance on this facility is classified as long-term and only contains amounts denominated in Euros and Pound Sterling. Euro and Pound Sterling denominated draws will fluctuate in U.S. Dollars from period to period due to changes in foreign currency exchange rates.

(2)Principal payments are required semi-annually in May and November of each year in equal installments of $0.4 million through May 15, 2032. The remaining outstanding principal in the amount of $8.4 million will become due on November 15, 2032.

(3)On September 30, 2020, the Company refinanced $50.0 million of existing draws under its Credit Agreement in the United States through the issuance of two new $26.0 million notes (“Series B Notes” and “Series C Notes”, respectively) under its Note Agreement. Interest on these new notes is payable semi-annually in May and November of each year with no principle due until the maturity date. The first interest payment on both the Series B and Series C Notes is due in May 2021.