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Restricted Cash

12 Months Ended

Oct. 31, 2023

Note 18. Restricted Cash

As of October 31, 2023 and 2022, there was $49.6 million and $23.0 million, respectively, of restricted cash and cash equivalents pledged as performance security, reserved for future debt service requirements, and reserved for letters of credit for certain banking requirements and contracts. The allocation of restricted cash is as follows (in thousands):


	October 31,		October 31,
	2023		2022
Cash Restricted for Outstanding Letters of Credit ⁽¹⁾	$	14,152	$	4,993
Cash Restricted for PNC Sale-Leaseback Transactions		—		5,010
Cash Restricted for Crestmark Sale-Leaseback Transactions		2,901		2,894
Bridgeport Fuel Cell Park Project Debt Service and Performance Reserves		—		8,746
Debt Service and Performance Reserves related to OpCo Financing Facility		19,698		—
Debt Service and Performance Reserves related to the Senior and Subordinated Back Leverage Loan Facilities		9,294		—
Other		3,579		1,346
Total Restricted Cash		49,624		22,989
Restricted Cash and Cash Equivalents – Short-Term ⁽²⁾		(5,159)		(4,423)
Restricted Cash and Cash Equivalents – Long-Term	$	44,465	$	18,566

(1)	Letters of credit outstanding as of October 31, 2023 expire on various dates through August 2028.

(2)	Short-term restricted cash and cash equivalents are amounts expected to be released and categorized as unrestricted cash within twelve months of the balance sheet date.