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Long-Term Debt | 12 Months Ended
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Oct. 31, 2019
Debt Disclosure [Abstract] |
Long-Term Debt | Note 9 — Long-term debt A summary of long-term debt is as follows:
|  | 2019 |  |  | 2018 |
Revolving credit agreement, due 2024 |  | $ | — |  |  | $ | 52,200 |
Senior notes, due 2020-2025 |  |  | 140,800 |  |  |  | 156,700 |
Senior notes, due 2020-2027 |  |  | 92,857 |  |  |  | 100,000 |
Senior notes, due 2023-2030 |  |  | 350,000 |  |  |  | 350,000 |
Term loan, due 2020-2024 |  |  | 505,000 |  |  |  | 605,000 |
Euro loan, due 2021 |  |  | 128,219 |  |  |  | 16,967 |
Private shelf facility, due 2020 |  |  | 30,556 |  |  |  | 36,111 |
Development loans, due 2019-2026 |  |  | 951 |  |  |  | 1,086 |
|  |  | 1,248,383 |  |  |  | 1,318,064 |
Less current maturities |  |  | 168,738 |  |  |  | 28,734 |
Less unamortized debt issuance costs |  |  | 4,241 |  |  |  | 3,973 |
Long-term maturities |  | $ | 1,075,404 |  |  | $ | 1,285,357 |
Revolving credit agreement — In April 2019, we entered into a $850,000 unsecured multi-currency credit facility with a group of banks, which amended, restated and extended our existing syndicated revolving credit agreement that was scheduled to expire in February 2020. This facility has a five-year term and includes a $75,000 subfacility for swing-line loans. It expires in April 2024. At October 31, 2019, we had no balances outstanding under this facility, compared to $52,200 outstanding at October 31, 2018. We were in compliance with all covenants at October 31, 2019, and the amount we could borrow under the facility would not have been limited by any debt covenants. Senior notes, due 2020-2025 — These unsecured fixed-rate notes entered into in 2012 with a group of insurance companies had a remaining weighted-average life of 2.76 years. The weighted-average interest rate at October 31, 2019 was 3.05 percent. Senior notes, due 2020-2027 — These unsecured fixed-rate notes entered into in 2015 with a group of insurance companies had a remaining weighted-average life of 4.59 years. The weighted-average interest rate at October 31, 2019 was 3.05 percent. Senior notes, due 2023-2030 — These unsecured fixed-rate notes entered in 2018 with a group of insurance companies had a remaining weighted-average life of 6.05 years. The weighted-average interest rate at October 31, 2019 was 3.90 percent. Term loan, due 2020-2024 — In April 2019, we amended, restated and extended the term of our existing $605,000 term loan facility with a group of banks. The interest rate is variable based upon the LIBOR rate. The Term Loan Agreement provides for the following term loans due in three tranches. $100,000 is due in March 2020, $200,000 is due in September 2022, and $305,000 is due in March 2024 . The weighted average interest rate for borrowings under this agreement was 2.52 percent at October 31, 2019. For the portion that is due in March 2024, $100,000 of this term loan facility was paid down in 2019. We were in compliance with all covenants at October 31, 2019. Euro loan, due 2021 — In October 2018, we entered into a €150,000 unsecured Term Loan Agreement with Bank of America Merrill Lynch International Limited. The interest rate is variable based upon the EUR LIBOR rate. The weighted average interest rate at October 31, 2019 was 1.00 percent. Private shelf facility — In 2011, we entered into a $150,000 three-year Private Shelf Note agreement with New York Life Investment Management LLC (NYLIM). The amount of the facility was increased to $180,000 in 2015, and then increased to $200,000 in 2016. Borrowings under the agreement may be for up to 12 years and are unsecured. The interest rate on each borrowing is fixed based upon the market rate at the borrowing date or is variable based upon the LIBOR rate. At October 31, 2019, the amount outstanding under this facility was at fixed rates of 2.21 percent and 2.56 percent. Development loans, due 2019-2026 — These fixed-rate loans with the State of Ohio and Cuyahoga County, Ohio were issued in 2011 in connection with the construction of our corporate headquarters building and are payable in monthly installments over 15 years beginning in 2011. The interest rate on the State of Ohio loan is 3.00 percent, and the interest rate on the Cuyahoga County loan is 3.50 percent. Annual maturities — The annual maturities of long-term debt for the five years subsequent to October 31, 2019, are as follows: $168,738 in 2020; $166,406 in 2021; $230,791 in 2022; $130,796 in 2023 and $315,801 in 2024.

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