Notes Payable and Long-Term Debt

3 Months Ended

Nov. 30, 2017

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, 2017.



	November 30, 2017		August 31, 2017
	(Dollars in thousands)
Notes payable	$	2,182,243	$	1,695,423
CHS Capital notes payable	298,021		292,792
Total notes payable	$	2,480,264	$	1,988,215

On November 30, 2017, 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. The outstanding balance on this facility was $1.1 billion and $480.0 million as of November 30, 2017, and August 31, 2017, respectively.

Interest expense for the three months ended November 30, 2017, and 2016, was $40.7 million and $38.3 million, respectively, net of capitalized interest of $1.8 million and $1.6 million, respectively.