Long Term Debt

3 Months Ended

Aug. 31, 2026

7. LONG-TERM DEBT

Long-term debt consists of the following:


	August 31, 2026			May 31, 2026
Term loan	$	385.0		$	405.0
Senior notes		346.5			346.5
Revolver facility		48.5			48.5
Finance lease		—			—
Total debt and finance lease		780.0			800.0
Less: Current portion		—			—
Total non-current debt		780.0			800.0
Less: Unamortized debt issuance costs		(5.8	)		(6.3	)
Total non-current debt, net	$	774.2		$	793.7

In June 2026, the Company made $20.0 million of prepayments on its Term Loan, which resulted in an extinguishment loss of $0.1 million related to unamortized debt issuance costs.

During the three months ended August 31, 2025, we used the net proceeds from the Cleaners and Disinfectants divestiture to repay a portion of our outstanding debt. We repaid $51.5 million of principal on the Revolving Facility, made $45.0 million of prepayments on the Term Loan, and repurchased $3.5 million of Senior Notes on the open market. The Term Loan prepayment resulted in an extinguishment loss of $0.4 million related to unamortized debt issuance costs.

Subsequent Event

In September 2026, the Company made $10.0 million of prepayments on its Term Loan. Based on this prepayment, there are no additional required principal payments for the Term Loan until the third quarter of fiscal year 2029.