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Credit Facility (Tables)
 9 Months Ended
Jul. 31, 2021
Debt Disclosure [Abstract]  
Schedule of Credit Facility Information
Credit Facility Information
(in millions)July 31, 2021October 31, 2020
Current portion of long-term debt
Gross term loan$32.5 $120.0 
Unamortized deferred financing costs(1.1)(3.3)
Current portion of term loan$31.4 $116.7 
Long-term debt
Gross term loan$609.4 $560.0 
Unamortized deferred financing costs(3.7)(2.3)
Total noncurrent portion of term loan605.6 557.7 
Revolving line of credit(1)(2)
18.2 45.3 
Long-term debt$623.8 $603.0 
(1) Standby letters of credit amounted to $148.8 million at July 31, 2021.
(2) At July 31, 2021, we had borrowing capacity of $1.1 billion, reflecting covenant restrictions.
Schedule of Term Loan Maturities As of July 31, 2021, the following principal payments are required under the term loan.
(in millions)202120222023202420252026
Debt maturities$8.1 $32.5 $32.5 $32.5 $32.5 $503.8 
Schedule of Interest Rate Swap Information
Notional AmountFixed Interest RateEffective DateMaturity Date
$ 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