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Restricted Cash

3 Months Ended

Jan. 31, 2024

Note 14. Restricted Cash

As of January 31, 2024 and October 31, 2023, there was $51.3 million and $49.6 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):


	January 31,		October 31,
	2024		2023
Cash Restricted for Outstanding Letters of Credit ⁽¹⁾	$	14,152	$	14,152
Cash Restricted for Crestmark Sale-Leaseback Transactions		2,903		2,901
Debt Service and Performance Reserves related to OpCo Financing Facility		21,631		19,698
Debt Service and Performance Reserves related to the Senior and Subordinated Back Leverage Loan Facilities		8,959		9,294
Other		3,688		3,579
Total Restricted Cash		51,333		49,624
Restricted Cash and Cash Equivalents – Short-Term ⁽²⁾		(5,957)		(5,159)
Restricted Cash and Cash Equivalents – Long-Term	$	45,376	$	44,465

(1)	Letters of credit outstanding as of January 31, 2024 expire on various dates through October 2029.

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