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CREDIT FACILITY (Tables)
 3 Months Ended
Jan. 31, 2022
Debt Disclosure [Abstract]  
Schedule of Credit Facility Information
Credit Facility Information
(in millions)January 31, 2022October 31, 2021
Current portion of long-term debt
Gross term loan$32.5 $32.5 
Unamortized deferred financing costs(1.1)(1.1)
Current portion of term loan$31.4 $31.4 
Long-term debt
Gross term loan$593.1 $601.3 
Unamortized deferred financing costs(3.2)(3.5)
Total noncurrent portion of term loan589.9 597.8 
Revolving line of credit(1)(2)
382.0 255.0 
Long-term debt$971.9 $852.8 
(1) Standby letters of credit amounted to $166.9 million at January 31, 2022.
(2) At January 31, 2022, we had borrowing capacity of $749.3 million.
Schedule of Term Loan Maturities As of January 31, 2022, the following principal payments are required under the term loan.
(in millions)20222023202420252026
Debt maturities$24.4 $32.5 $32.5 $32.5 $503.8 
Schedule of Interest Rate Swap Information
Notional AmountFixed Interest RateEffective DateMaturity Date
$ 130.0 million2.86%November 1, 2018April 30, 2022
$ 130.0 million2.84%November 1, 2018September 1, 2022