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Credit Facility (Tables)
 3 Months Ended
Jan. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Credit Facility Information
Credit Facility Information
(in millions)January 31, 2020October 31, 2019
Current portion of long-term debt
Gross term loan$75.0  $60.0  
Unamortized deferred financing costs(2.7) (2.8) 
Current portion of term loan$72.3  $57.2  
Long-term debt
Gross term loan$650.0  $680.0  
Unamortized deferred financing costs(3.5) (4.1) 
Total noncurrent portion of term loan646.5  675.9  
Line of credit(1)(2)
139.8  68.4  
Long-term debt$786.3  $744.2  
(1) Standby letters of credit amounted to $153.5 million at January 31, 2020.
(2) At January 31, 2020, we had borrowing capacity of $499.9 million; however, covenant restrictions limited our borrowing capacity to $353.2 million.
Schedule of Term Loan Maturities As of January 31, 2020, the following principal payments are required under the term loan.
(in millions)202020212022
Debt maturities$45.0  $120.0  $560.0  
Schedule of Interest Rate Swap Information
Notional AmountFixed Interest RateEffective DateMaturity Date
$ 90.0 million  2.83%  November 1, 2018April 30, 2021
$ 90.0 million  2.84%  November 1, 2018October 31, 2021
$ 130.0 million  2.86%  November 1, 2018April 30, 2022
$ 130.0 million  2.84%  November 1, 2018September 1, 2022