CREDIT FACILITY (Tables)

12 Months Ended

Oct. 31, 2024

Debt Disclosure [Abstract]

Schedule of Components of Debt

	As of October 31,
(in millions)	2024		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	$	503.8	$	536.3
Unamortized deferred financing costs	(0.6)		(1.5)
Total noncurrent portion of term loan	503.2		534.8
Revolving line of credit(3)	799.0		745.0
Long-term debt	$	1,302.2	$	1,279.8

(1) At October 31, 2024, and October 31, 2023, the weighted average interest rate on our outstanding borrowings, not including letters of credit and swaps, was 6.68%.and 7.17%, respectively.

(2) At October 31, 2024, we had borrowing capacity of up to $423.6 million

(3) At October 31, 2024 standby letters of credit amounted to $57.9 million

Schedule of Long-Term Loan Maturities

As of October 31, 2024, the following principal payments are required under the Amended Credit Facility.

(in millions)	2025		2026		2027		2028		2029
Debt maturities	$	32.5	$	1,302.8	$	—	$	—	$	—

Schedule of Interest Rate Swap

Notional Amount	Fixed Interest Rate	Effective Date	Maturity Date
$ 100.0 million	1.72%	February 9, 2022	June 28, 2026
$ 150.0 million	1.85%	February 25, 2022	June 28, 2026
$ 100.0 million	2.88%	May 4, 2022	June 28, 2026
$161.9 million(1)	2.83%	July 7, 2022	June 28, 2026
$13.1 million(1)	2.79%	July 18, 2022	June 28, 2026
$ 170.0 million	3.81%	November 1, 2022	June 28, 2026

(1) In July 2022, we entered into amortizing interest rate swap agreements with notional values totaling $300.0 million at inception. The notional amount reduces to $100.0 million in October 2025 before maturing on June 28, 2026.