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Long-Term Debt | 3 Months Ended
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Jan. 31, 2020
Debt Disclosure [Abstract] |
Long-Term Debt |
15. | Long-term debt
A summary of long-term debt is as follows:
|  | January 31, 2020 |  |  | October 31, 2019 |
Revolving credit agreement, due 2024 |  | $ | — |  |  | $ | — |
Senior notes, due 2020-2025 |  |  | 140,800 |  |  |  | 140,800 |
Senior notes, due 2020-2027 |  |  | 92,857 |  |  |  | 92,857 |
Senior notes, due 2023-2030 |  |  | 350,000 |  |  |  | 350,000 |
Term loan, due 2022-2024 |  |  | 405,000 |  |  |  | 505,000 |
Euro loan, due 2021 |  |  | 127,565 |  |  |  | 128,219 |
Private shelf facility, due 2020 |  |  | 5,556 |  |  |  | 30,556 |
Development loans, due 2020-2026 |  |  | — |  |  |  | 951 |
|  |  | 1,121,778 |  |  |  | 1,248,383 |
Less current maturities |  |  | 43,598 |  |  |  | 168,738 |
Less unamortized debt issuance costs |  |  | 3,866 |  |  |  | 4,241 |
Long-term maturities |  | $ | 1,074,314 |  |  | $ | 1,075,404 |
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 in three tranches: $100,000 due in March 2020, $200,000 due in September 2022, and $205,000 due in March 2024. The weighted average interest rate for borrowings under this agreement was 2.30% at January 31, 2020. For the portion that is due in March 2020, $100,000 of this term loan facility was paid down in January 2020. We were in compliance with all covenants at January 31, 2020. In April 2019, we entered into a $850,000 unsecured, multicurrency 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. We had no balances outstanding under this facility at January 31, 2020 and October 31, 2019. We were in compliance with all covenants at January 31, 2020, and the amount we could borrow under the facility would not have been limited by any debt covenants. In October 2018, we entered into a €150,000 agreement with Bank of America Merrill Lynch International Limited. The interest rate is variable based on the EUR LIBOR rate and it expires in October 2021. The weighted average interest rate at January 31, 2020 was 0.875%. At January 31, 2020, the balance outstanding was €115,000 ($127,565). We were in compliance with all covenants at January 31, 2020. In June 2018, we entered into a Note Purchase Agreement with a group of insurance companies under which we sold $350,000 of Senior Notes to the insurance companies and their affiliates. The notes start to mature between June 2023 and June 2030 and bear interest at fixed rates between 3.71% and 4.17%. We were in compliance with all covenants at January 31, 2020. We entered into a $150,000 three-year Note Purchase and Private Shelf agreement with New York Life Investment Management LLC in 2011. In 2015, the amount of the facility was increased to $180,000, and in 2016 it was increased to $200,000. At January 31, 2020 and October 31, 2019, $5,556 and $30,556, respectively, was outstanding under this facility. Existing notes mature in September 2020 and bear interest at a fixed rate of 2.21%. We were in compliance with all covenants at January 31, 2020. In 2012, we entered into a Note Purchase Agreement with a group of insurance companies under which we sold $200,000 of unsecured Senior Notes. At January 31, 2020 and October 31, 2019, there was $140,800 outstanding under this agreement. Existing notes mature between July 2020 and July 2025 and bear interest at fixed rates between 2.62% and 3.13%. We were in compliance with all covenants at January 31, 2020. In July 2015, we entered into a Note Purchase Agreement with a group of insurance companies under which we sold $100,000 of unsecured Senior Notes. At January 31, 2020 and October 31, 2019, there was $92,857 outstanding under this agreement. Existing notes mature between July 2020 and July 2027 and bear interest at fixed rates of 2.89% and 3.19%. We were in compliance with all covenants at January 31, 2020.

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- Definition The entire disclosure for long-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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