Notes Payable and Long-Term Debt

3 Months Ended

Nov. 30, 2016

Debt Disclosure [Abstract]

Notes Payable and Long-Term Debt

Notes Payable and Long-Term Debt

Our notes payable and long-term debt are subject to various restrictive requirements for maintenance of minimum consolidated net worth and other financial ratios. We were in compliance with our debt covenants as of November 30, 2016.

	November 30, 2016		August 31, 2016
	(Dollars in thousands)
Notes payable	$	2,315,412	$	1,803,174
CHS Capital notes payable	912,152		928,305
Total notes payable	$	3,227,564	$	2,731,479

On November 30, 2016, our primary line of credit was a five-year, unsecured revolving credit facility with a committed amount of $3.0 billion which expires in September 2020.

Interest expense for the three months endedNovember 30, 2016, and 2015 was $38.3 million and $9.1 million respectively, net of capitalized interest of $1.6 million and $13.7 million, respectively.