XML 39 R25.htm IDEA: XBRL DOCUMENT v3.20.2
Borrowings
3 Months Ended
Oct. 31, 2020
Debt Disclosure [Abstract]  
Borrowings Borrowings
The Company has a $500.0 million unsecured revolving credit facility that expires July 21, 2022. As of October 31, 2020, there was $292.3 million available on this facility. The Company also has a 364 day revolving credit agreement for $100.0 million that provides incremental borrowing capacity above the Company’s $500.0 million unsecured revolving credit facility. It has a maturity date of May 17, 2021 and a one year credit extension can be requested. As of October 31, 2020, there was $100.0 million available on this facility.
Certain debt agreements contain financial covenants related to interest coverage and leverage ratios, as well as customary non-financial covenants. As of October 31, 2020, the Company was in compliance with all such covenants.