Long-term Debt and Other Borrowing Arrangements

12 Months Ended

Oct. 27, 2019

Debt Disclosure [Abstract]

Long-term Debt and Other Borrowing Arrangements

Long-term Debt and Other Borrowing Arrangements

Long-term Debt consists of: 

(in thousands)	October 27, 2019		October 28, 2018
Term Loan	$	—	$	374,840
Senior Unsecured Notes, with Interest at 4.125%, Interest Due Semi-annually through April 2021 Maturity Date	250,000		250,000
Less: Current Maturities	—		—
Total	$	250,000	$	624,840

The Company has a $400.0 million unsecured revolving line of credit which matures in June 2021. The unsecured revolving line of credit bears interest at a variable rate based on LIBOR and a fixed fee is paid for the availability of this credit line. As of October 27, 2019, and October 28, 2018, the Company had no outstanding draws from this line of credit.

With the acquisition of Columbus Manufacturing Inc. in November 2017, the Company obtained a two-year $375.0 million term loan which was due in full in November 2019. The term loan was paid in full in April 2019.

The Company is required by certain covenants in its debt agreements to maintain specified levels of financial ratios and financial position. At the end of the current fiscal year, the Company was in compliance with all of these covenants.

Total interest paid in the last three fiscal years is as follows: 

(in millions)
2019	$	19.0
2018	25.6
2017	12.7