v3.26.1
Debt, net (Tables)
9 Months Ended
May 31, 2026
Debt Disclosure [Abstract]  
Summary of Debt

The following table summarizes the Company’s recourse and non-recourse debt balances:

(in millions)

 

May 31,
2026

 

 

August 31,
2025

 

Corporate and other — Recourse:

 

 

 

 

 

 

Revolving credit facilities

 

 

 

 

 

 

North America

 

$

 

 

$

5.0

 

Europe

 

 

101.4

 

 

 

77.6

 

Mexico

 

 

20.0

 

 

 

70.0

 

 

 

 

121.4

 

 

 

152.6

 

Corporate senior term debt

 

 

240.6

 

 

 

250.0

 

2.875% Convertible senior notes, due 2028

 

 

373.8

 

 

 

373.8

 

Other notes payable

 

 

2.5

 

 

 

1.4

 

 

 

 

738.3

 

 

 

777.8

 

Debt discount and issuance costs

 

 

(5.0

)

 

 

(6.6

)

Debt, net — Recourse

 

 

733.3

 

 

 

771.2

 

 

 

 

 

 

 

 

Lease fleet and other – Non-recourse:

 

 

 

 

 

 

Leasing warehouse credit facility

 

 

 

 

 

222.3

 

Leasing senior term debt

 

 

300.0

 

 

 

308.2

 

Leasing GBXL I asset-backed term notes

 

 

743.5

 

 

 

456.2

 

European debt

 

 

42.7

 

 

 

 

 

 

1,086.2

 

 

 

986.7

 

Debt discount and issuance costs

 

 

(13.9

)

 

 

(7.0

)

Debt, net — Non-recourse

 

 

1,072.3

 

 

 

979.7

 

Total Debt, net

 

$

1,805.6

 

 

$

1,750.9

 

Summary of Net Carrying Amount of Debt and Related Assets

The following table summarizes the Issuer's net carrying amount of the debt and related assets.

(in millions)

 

May 31,
2026

 

 

August 31,
2025

 

Assets

 

 

 

 

 

 

Restricted cash

 

$

39.1

 

 

$

7.6

 

Equipment on operating leases, net

 

$

917.8

 

 

$

609.7

 

Liabilities

 

 

 

 

 

 

Notes payable, net

 

$

734.1

 

 

$

449.6