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Credit Facility (Tables)
 12 Months Ended
Oct. 31, 2019
Debt Disclosure [Abstract]  
Schedule of Credit Facility Information
Credit Facility Information
(in millions)
October 31, 2019
 
October 31, 2018
Current portion of long-term debt
 
 
 
Gross term loan
$
60.0

 
$
40.0

Unamortized deferred financing costs
(2.8
)
 
(3.0
)
Current portion of term loan
$
57.2

 
$
37.0

 
 
 
 
Long-term debt
 
 
 
Gross term loan
$
680.0

 
$
740.0

Unamortized deferred financing costs
(4.1
)
 
(6.9
)
Total noncurrent portion of term loan
675.9

 
733.1

Line of credit(1)(2)
68.4

 
169.0

Long-term debt
$
744.2

 
$
902.0


(1) Standby letters of credit amounted to $149.8 million at October 31, 2019.
(2) At October 31, 2019, we had borrowing capacity of $574.2 million; however, covenant restrictions limited our borrowing capacity to $406.6 million.
Schedule of Term Loan Maturities
Term Loan Maturities
During 2019, we made principal payments under the term loan of $40.0 million. As of October 31, 2019, the following principal payments are required under the term loan.
(in millions)
 
2020
 
2021
 
2022
Debt maturities
 
$
60.0

 
$
120.0

 
$
560.0
Schedule of Interest Rate Information
Notional Amount
 
Fixed Interest Rate
 
Effective Date
 
Maturity Date
$ 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