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Credit Facility (Tables)
12 Months Ended
Oct. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Credit Facility Information
Credit Facility Information
(in millions)October 31, 2020October 31, 2019
Current portion of long-term debt
Gross term loan$120.0 $60.0 
Unamortized deferred financing costs(3.3)(2.8)
Current portion of term loan$116.7 $57.2 
Long-term debt
Gross term loan$560.0 $680.0 
Unamortized deferred financing costs(2.3)(4.1)
Total noncurrent portion of term loan557.7 675.9 
Revolving line of credit(1)(2)
45.3 68.4 
Long-term debt$603.0 $744.2 
(1) Standby letters of credit amounted to $153.1 million at October 31, 2020.
(2) At October 31, 2020, we had borrowing capacity of $596.6 million, reflecting covenant restrictions.
Schedule of Term Loan Maturities
Term Loan Maturities
During 2020, we made principal payments under the term loan of $60.0 million. As of October 31, 2020, the following principal payments are required under the term loan.
(in millions)20212022
Debt maturities$120.0 $560.0 
Schedule of Interest Rate Information
Notional AmountFixed Interest RateEffective DateMaturity Date
$ 90.0 million2.83%November 1, 2018April 30, 2021
$ 90.0 million2.84%November 1, 2018October 31, 2021
$ 130.0 million2.86%November 1, 2018April 30, 2022
$ 130.0 million2.84%November 1, 2018September 1, 2022