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Notes Payable
9 Months Ended
May 31, 2013
Notes Payable

Note 9 – Notes Payable

The Company’s Notes payable balance was $372.9 million as of May 31, 2013 which includes $14.9 million of Convertible senior notes, due 2026 (the “Notes”). On specified dates or in the event of certain fundamental changes, holders can require the Company to repurchase all or a portion of their Notes at a price equal to 100% of the principal amount of the Notes plus accrued and unpaid interest (the “Put Option”).

In May 2013, the Company retired $52.9 million of its then $67.8 million outstanding Notes pursuant to a scheduled Put Option.