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DEBT (Tables)
 6 Months Ended
Apr. 30, 2022
Debt Disclosure [Abstract]  
Schedule of Components of Debt
Components of Debt
(in millions)April 30, 2022October 31, 2021
Current portion of debt
Gross term loan$32.5 $32.5 
Unamortized deferred financing costs(1.0)(1.1)
Current portion of term loan$31.5 $31.4 
Receivables facility150.0 — 
Current portion of debt$181.5 $31.4 
Long-term debt
Gross term loan$585.0 $601.3 
Unamortized deferred financing costs(2.9)(3.5)
Total noncurrent portion of term loan582.1 597.8 
Revolving line of credit(1)(2)
404.5 255.0 
Long-term debt$986.6 $852.8 
(1) Standby letters of credit amounted to $162.4 million at April 30, 2022.
(2) At April 30, 2022, we had borrowing capacity of $731.8 million.
At April 30, 2022, the weighted average interest rate on all outstanding borrowings, not including letters of credit, was 2.22%
Schedule of Term Loan Maturities As of April 30, 2022, the following principal payments are required under the Amended Credit Facility.
(in millions)20222023202420252026
Debt maturities$16.3 $32.5 $32.5 $32.5 $908.3 
Schedule of Interest Rate Swap Information
Notional AmountFixed Interest RateEffective DateMaturity Date
$ 130.0 million2.84%November 1, 2018September 1, 2022
$ 100.0 million1.78%February 9, 2022June 28, 2026
$ 150.0 million1.92%February 25, 2022June 28, 2026