Cintas' debt is summarized as follows at May 31:



(In thousands)	Interest Rate			Fiscal Year Issued	Fiscal Year Maturity	2017			2016

Debt due within one year
Senior notes	2.85	%		2007	2017	$	—		$	250,000
Senior notes	6.13	%		2008	2018	300,000			—
Commercial paper	1.24	%	⁽¹⁾	Various	Various	50,500			—
Current portion of term loan	2.00	%	⁽¹⁾	2017	2018	12,500			—
Debt issuance costs						(100		)	—
Total debt due within one year						$	362,900		$	250,000

Debt due after one year
Senior notes	6.13	%		2008	2018	$	—		$	300,000
Senior notes	4.30	%		2012	2022	250,000			250,000
Senior notes	2.90	%		2017	2022	650,000			—
Senior notes	3.25	%		2013	2023	300,000			250,000
Senior notes ⁽²⁾	2.78	%		2013	2023	52,554			—
Senior notes ⁽³⁾	3.11	%		2015	2025	52,645			—
Senior notes	3.70	%		2017	2027	1,000,000			—
Senior notes	6.15	%		2007	2037	250,000			250,000
Long-term portion of term loan	2.00	%	⁽¹⁾	2017	2022	237,500			—
Debt issuance costs						(22,075		)	(5,578		)
Total debt due after one year						$	2,770,624		$	1,044,422

⁽¹⁾ Variable rate debt instrument. The rate presented is the variable borrowing rate at May 31, 2017.

⁽²⁾ Cintas assumed these senior notes with the acquisition of G&K, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these notes is $50.0 million with a stated interest rate of3.73%.

⁽³⁾Cintas assumed these senior notes with the acquisition of G&K, and they were recorded at fair value. The interest rate shown above is the effective interest rate. The principal amount of these notes is $50.0 million with a stated interest rate of 3.88%.