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Credit Facility (Tables)

9 Months Ended

Jul. 31, 2019

Credit Facility Information



(in millions)	July 31, 2019			October 31, 2018
Current portion of long-term debt
Gross term loan	$	55.0		$	40.0
Unamortized deferred financing costs	(2.8		)	(3.0		)
Current portion of term loan	$	52.2		$	37.0

Long-term debt
Gross term loan	$	695.0		$	740.0
Unamortized deferred financing costs	(4.8		)	(6.9		)
Total noncurrent portion of term loan	690.2			733.1
Line of credit⁽¹⁾⁽²⁾	182.1			169.0
Long-term debt	$	872.2		$	902.0

⁽¹⁾Standby letters of credit amounted to $152.4 million at July 31, 2019.

⁽²⁾At July 31, 2019, we had borrowing capacity of $457.0 million; however, covenant restrictions limited our borrowing capacity to $261.5 million.

Schedule of Term Loan Maturities

As of July 31, 2019, the following principal payments are required under the term loan.



(in millions)	2019		2020		2021		2022
Debt maturities	$	10.0	$	60.0	$	120.0	$	560.0

Schedule of Interest Rate Swap Information



Notional Amounts	Fixed Interest Rates	Effective Dates	Maturity Dates
$ 90.0 million	2.83%	November 1, 2018	April 30, 2021
$ 90.0 million	2.84%	November 1, 2018	October 31, 2021
$ 130.0 million	2.86%	November 1, 2018	April 30, 2022
$ 130.0 million	2.84%	November 1, 2018	September 1, 2022

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details