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Borrowings
6 Months Ended
Jan. 31, 2021
Debt Disclosure [Abstract]  
Borrowings Borrowings
The Company has a $500.0 million unsecured revolving credit facility that expires July 21, 2022. As of January 31, 2021, there was $377.3 million available on this facility. The Company also has a 364 day revolving credit agreement for $100.0 million that provides incremental borrowing capacity above the Company’s $500.0 million unsecured revolving credit facility. It has a maturity date of May 17, 2021 and a one year credit extension can be requested. As of January 31, 2021, there was $100.0 million available on this facility.
Certain debt agreements contain financial covenants related to interest coverage and leverage ratios, as well as customary non-financial covenants. As of January 31, 2021, the Company was in compliance with all such covenants.