Credit Facility (Tables)

3 Months Ended

Jan. 31, 2019

Credit Facility Information



(in millions)	January 31, 2019			October 31, 2018
Current portion of long-term debt
Gross term loan	$	45.0		$	40.0
Unamortized deferred financing costs	(2.9		)	(3.0		)
Current portion of term loan	$	42.1		$	37.0

Long-term debt
Gross term loan	$	725.0		$	740.0
Unamortized deferred financing costs	(6.2		)	(6.9		)
Total noncurrent portion of term loan	718.8			733.1
Line of credit⁽¹⁾⁽²⁾	227.0			169.0
Long-term debt	$	945.8		$	902.0

⁽¹⁾Standby letters of credit amounted to $152.4 million at January 31, 2019.

⁽²⁾At January 31, 2019, we had borrowing capacity of $410.2 million; however, covenant restrictions limited our borrowing capacity to $352.5 million.

Schedule of Term Loan Maturities

As of January 31, 2019, the following principal payments are required under the term loan.



(in millions)	2019		2020		2021		2022
Debt maturities	$	30.0	$	60.0	$	120.0	$	560.0

Schedule of Interest Rate Swap Information



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

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

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+ Details