XML 42 R24.htm IDEA: XBRL DOCUMENT v3.20.4
Credit Facility (Tables)
 3 Months Ended
Jan. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Credit Facility Information
Credit Facility Information
(in millions)January 31, 2021October 31, 2020
Current portion of long-term debt
Gross term loan$120.0 $120.0 
Unamortized deferred financing costs(3.1)(3.3)
Current portion of term loan$116.9 $116.7 
Long-term debt
Gross term loan$530.0 $560.0 
Unamortized deferred financing costs(1.5)(2.3)
Total noncurrent portion of term loan528.5 557.7 
Revolving line of credit(1)(2)
45.3 45.3 
Long-term debt$573.8 $603.0 
(1) Standby letters of credit amounted to $151.0 million at January 31, 2021.
(2) At January 31, 2021, we had borrowing capacity of $599.4 million, reflecting covenant restrictions.
Schedule of Term Loan Maturities
Term Loan Maturities
During the three months ended January 31, 2021, we made principal payments under the term loan of $30.0 million. As of January 31, 2021, the following principal payments are required under the term loan.
(in millions)20212022
Debt maturities$90.0 $560.0 
Schedule of Interest Rate Swap Information
Notional AmountFixed Interest RateEffective DateMaturity Date
$ 90.0 million2.83%November 1, 2018April 30, 2021
$ 90.0 million2.84%November 1, 2018October 31, 2021
$ 130.0 million2.86%November 1, 2018April 30, 2022
$ 130.0 million2.84%November 1, 2018September 1, 2022