LONG-TERM DEBT

Long-term debt consists of the following (in thousands):



	January 31, 2014			October 31, 2013
Borrowings under revolving credit facility		$375,000			$373,000
Capital leases and notes payable	4,285			4,515
	379,285			377,515
Less: Current maturities of long-term debt	(1,148		)	(697		)
		$378,137			$376,818

As of January 31, 2014 and October 31, 2013, the weighted average interest rate on borrowings under the Company’s revolving credit facility was 1.3%. The revolving credit facility contains both financial and non-financial covenants. As of January 31, 2014, the Company was in compliance with all such covenants.

In November 2013, the Company entered into an amendment to extend the maturity date of its revolving credit facility one year to December 2018 and to increase the aggregate principal amount to $800 million. Furthermore, the amendment includes a feature that will allow the Company to increase the aggregate principal amount by an additional $200 million to become a $1.0 billion facility through increased commitments from existing lenders or the addition of new lenders.