Debt (Tables)

12 Months Ended

Jul. 31, 2026

Debt

Schedule of debt components


		July 31, 2026			July 31, 2025
Unsecured senior notes
Fixed rate, 5.375%, due 2026 ⁽¹⁾		$	—		$	650,000
Fixed rate, 5.875%, due 2029			825,000			825,000
Fixed rate, 9.250%, due 2031 ⁽²⁾			650,000			—

Notes payable
9.1% and 8.9% weighted average interest rate at July 31, 2026 and 2025, respectively, due 2027 to 2032, net of unamortized discount of $470 and $800 at July 31, 2026 and 2025, respectively			2,900			4,748
Total debt, excluding unamortized debt issuance and other costs			1,477,900			1,479,748
Unamortized debt issuance and other costs			(20,161)			(12,108)
Less: current portion of long-term debt ⁽³⁾			1,310			652,178
Long-term debt		$	1,456,429		$	815,462

_______________________________

(1)	The senior notes due 2026 were redeemed in full on October 27, 2025. See “Senior unsecured notes” section below.

(2)	The senior notes due 2031 were issued on October 27, 2025. See “Senior unsecured notes” section below.

(3)	As of July 31, 2025, this included the $650.0 million aggregate principal amount of 5.375% senior notes due April 1, 2026.

Schedule of financial covenant ratio


Financial Covenant		Ratio
Minimum interest coverage ratio ⁽¹⁾		2.50x
Maximum secured leverage ratio ⁽²⁾		2.50x
Maximum total net leverage ratio ⁽³⁾		5.25x

(1)	Defined generally as the ratio of adjusted EBITDA to cash interest expense.

(2)	Defined generally as the ratio of total first priority secured indebtedness to adjusted EBITDA.

(3)	Defined generally as the ratio of total indebtedness (net of unrestricted cash, subject to certain limits) to adjusted EBITDA.

Schedule of components of loss on extinguishment of debt


		For the year ended
		July 31, 2026
Debt extinguishment costs		$	1,556
Unamortized deferred financing costs			1,447
Total loss on extinguishment of debt		$	3,003

Schedule of annual principal payments on long-term debt


		Scheduled
Payment due by fiscal year		principal payments
2027		$	1,310
2028			910
2029			825,550
2030			200
2031			650,200
Thereafter			200
Total		$	1,478,370