Credit Facility (Tables)

9 Months Ended

Jul. 31, 2018

Debt Disclosure [Abstract]

Schedule of Credit Facility Information

Credit Facility Information

(in millions)	July 31, 2018			October 31, 2017
Current portion of long-term debt
Gross term loan	$	30.0		$	20.0
Less: unamortized deferred financing costs	(3.0		)	(3.1		)
Current portion of term loan	$	27.0		$	16.9
Long-term debt
Gross term loan	$	750.0		$	780.0
Less: unamortized deferred financing costs	(7.7		)	(9.9		)
Total noncurrent portion of term loan	742.3			770.1
Line of credit(1)(2)	256.1			391.2
Long-term debt	$	998.4		$	1,161.3

⁽¹⁾ Standby letters of credit amounted to $155.5 million at July 31, 2018.

⁽²⁾ At July 31, 2018, we had borrowing capacity of $477.3 million; however, covenant restrictions limited our actual borrowing capacity to $196.0 million.

Schedule of Term Loan Maturities

During the first quarter, we made $20.0 million of principal payments. As of July 31, 2018, the following principal payments are required under the term loan.

(in millions)	2019		2020		2021		2022
Debt maturities	$	40.0	$	60.0	$	120.0	$	560.0

Schedule of Interest Rate Swap Information

We subsequently entered into new forward-starting interest rate swaps, as summarized below.

Notional Amounts	Fixed Interest Rates	Effective Dates	Maturity Dates
$ 90.0 million	2.83%	November 1, 2018	April 30, 2021
$ 90.0 million	2.84%	November 1, 2018	October 31, 2021
$ 130.0 million	2.86%	November 1, 2018	April 30, 2022
$ 130.0 million	2.84%	November 1, 2018	September 1, 2022