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Credit Facility (Tables)
 6 Months Ended
Apr. 30, 2020
Debt Disclosure [Abstract]  
Schedule of Credit Facility Information
Credit Facility Information
(in millions)April 30, 2020October 31, 2019
Current portion of long-term debt
Gross term loan$90.0  $60.0  
Unamortized deferred financing costs(2.6) (2.8) 
Current portion of term loan$87.4  $57.2  
Long-term debt
Gross term loan$620.0  $680.0  
Unamortized deferred financing costs(2.9) (4.1) 
Total noncurrent portion of term loan617.1  675.9  
Revolving line of credit(1)(2)
488.6  68.4  
Long-term debt$1,105.7  $744.2  
(1) Standby letters of credit amounted to $153.1 million at April 30, 2020.
(2) Includes additional amounts borrowed in March 2020 as a precautionary measure to provide increased liquidity and preserve financial flexibility in response to uncertainty resulting from the Pandemic. At April 30, 2020, we had borrowing capacity of $152.5 million, reflecting covenant restrictions.
Schedule of Term Loan Maturities As of April 30, 2020, the following principal payments are required under the term loan.
(in millions)202020212022
Debt maturities$30.0  $120.0  $560.0  
Schedule of Interest Rate Swap Information
Notional AmountFixed Interest RateEffective DateMaturity Date
$ 90.0 million2.83%November 1, 2018April 30, 2021
$ 90.0 million2.84%November 1, 2018October 31, 2021
$ 130.0 million2.86%November 1, 2018April 30, 2022
$ 130.0 million2.84%November 1, 2018September 1, 2022