Subsequent Events (Notes)

6 Months Ended

Apr. 30, 2015

Subsequent Events [Abstract]

Subsequent Events

Subsequent Events

On May 19, 2015, the Company entered into an amended and restated credit agreement with several lenders (the Restated Credit Agreement) providing for a $500.0 million senior unsecured revolving credit facility and a $150 million senior unsecured term loan facility. The Restated Credit Agreement amends and restates the Company’s previous Credit Agreement referred to in Note 7, in order to increase the size of the revolving credit facility from $350.0 million to $500.0 million and to extend the termination date of the revolving credit facility from October 14, 2016 to May 19, 2020. The Restated Credit Agreement also replaces a financial covenant requiring the Company to maintain a minimum specified level of cash with a covenant requiring a minimum interest coverage ratio. Otherwise, the terms and conditions of the Restated Credit Agreement are substantially similar to the previous Credit Agreement. The Company's outstanding Revolver and Term Loan borrowings under the previous Credit Agreement, described in Note 7, are carried over under the Restated Credit Agreement. The Company expects its borrowings under the Restated Credit Agreement will fluctuate from quarter to quarter.