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Credit Facility (Tables)
 6 Months Ended
Apr. 30, 2024
Debt Disclosure [Abstract]  
Schedule of Components of Debt
(in millions)April 30, 2024October 31, 2023
Current portion of long-term debt(1)(2)
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(1)(2)
Gross term loan$520.0 $536.3 
Unamortized deferred financing costs(1.0)(1.5)
Total noncurrent portion of term loan
519.0 534.8 
Revolving line of credit(3)
720.0 745.0 
Long-term debt
$1,239.0 $1,279.8 
(1)At both April 30, 2024, and October 31, 2023, the weighted average interest rate on all outstanding borrowings, not including letters of credit and swaps, was 7.17%.
(2)At April 30, 2024, we had borrowing capacity of $501.1 million.
(3) Standby letters of credit amounted to $57.9 million at April 30, 2024.
Schedule of Long-Term Debt Maturities As of April 30, 2024, the following principal payments are required under the Amended Credit Facility:
(in millions)2024202520262027
2028
Debt maturities$16.3 $32.5 $1,223.8 $— $— 
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
     $202.5 million (1)
2.83%July 7, 2022June 28, 2026
     $47.5 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 $175.0 million in October 2024 and $100.0 million in October 2025 before maturing on June 28, 2026.