XML 33 R23.htm IDEA: XBRL DOCUMENT v3.5.0.2
Subsequent Events
9 Months Ended
Jul. 31, 2016
Subsequent Events [Abstract]  
Subsequent Events
SUBSEQUENT EVENTS
On August 1, 2016, the Company redeemed the full balance of the Note Payable. The Note Payable was issued by the Company to DSM Newco in the third quarter in order to provide funds for the Partnership to redeem and cancel the preferred interest in the Partnership held by DSM. The total payment to DSM Newco to redeem the Note Payable was $51.2 million, which consisted of $51.0 million in principal and $0.2 million in accrued interest.
On August 3, 2016, the Company redeemed all of its outstanding Senior PIK Toggle Notes using proceeds from the Company's IPO and additional cash on hand. The total payment to redeem the debt was $573.3 million, which consisted of $550.0 million in principal, a $11.0 million early redemption fee and $12.3 million in accrued interest. Additionally, the Company will write off $10.6 million in deferred financing costs relating to the issuance of the Senior PIK Toggle Notes in the fourth quarter of fiscal 2016.