XML 43 R27.htm IDEA: XBRL DOCUMENT v3.24.0.1
Credit Facility (Tables)
 3 Months Ended
Jan. 31, 2024
Debt Disclosure [Abstract]  
Schedule of Components of Debt
(in millions)January 31, 2024October 31, 2023
Current portion of debt
Gross term loan$32.5 $32.5 
Unamortized deferred financing costs(0.9)(1.0)
Current portion of term loan$31.6 $31.5 
Long-term debt
Gross term loan$528.1 $536.3 
Unamortized deferred financing costs(1.2)(1.5)
Total noncurrent portion of term loan526.9 534.8 
Revolving line of credit(1)(2)
770.0 745.0 
Long-term debt$1,296.9 $1,279.8 
(1) Standby letters of credit amounted to $58.2 million at January 31, 2024.
(2) At January 31, 2024, we had borrowing capacity of $449.8 million.
Schedule of Long-Term Debt Maturities As of January 31, 2024, the following principal payments are required under the Amended Credit Facility:
(in millions)2024202520262027
2028
Debt maturities$24.4 $32.5 $1,273.8 $— $— 
Schedule of Interest Rate Swaps
Notional AmountFixed Interest RateEffective DateMaturity Date
$100.0 million1.72%February 9, 2022June 28, 2026
$150.0 million1.85%February 25, 2022June 28, 2026
$100.0 million2.88%May 4, 2022June 28, 2026
     $210.6 million (1)
2.83%July 7, 2022June 28, 2026
     $89.4 million (1)
2.79%July 18, 2022June 28, 2026
$170.0 million3.81%November 1, 2022June 28, 2026
(1) In July 2022, we entered into interest rate swap agreements with notional values totaling $300.0 million at inception. The notional amount reduces to $250.0 million in April 2024, $175.0 million in October 2024, and $100.0 million in October 2025 before maturing on June 28, 2026.