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Long-Term Debt | 9 Months Ended
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Jul. 31, 2020
Debt Disclosure [Abstract] |
Long-Term Debt |
15. | Long-term debt
A summary of long-term debt is as follows:
|  | July 31, 2020 |  |  | October 31, 2019 |
Senior notes, due 2020-2025 |  | $ | 109,900 |  |  | $ | 140,800 |
Senior notes, due 2020-2027 |  |  | 85,714 |  |  |  | 92,857 |
Senior notes, due 2023-2030 |  |  | 350,000 |  |  |  | 350,000 |
Term loan, due 2022-2024 |  |  | 405,000 |  |  |  | 505,000 |
Euro loan, due 2023 |  |  | 312,022 |  |  |  | 128,219 |
Private shelf facility, due 2020 |  |  | 5,556 |  |  |  | 30,556 |
Development loans, due 2020-2026 |  |  | — |  |  |  | 951 |
|  |  | 1,268,192 |  |  |  | 1,248,383 |
Less current maturities |  |  | 43,598 |  |  |  | 168,738 |
Less unamortized debt issuance costs |  |  | 3,512 |  |  |  | 4,241 |
Long-term maturities |  | $ | 1,221,082 |  |  | $ | 1,075,404 |
In March 2020 we amended, restated and extended the term of our existing term loan facility with Bank of America Merrill Lynch International Limited. The interest rate is variable based on the EURIBOR rate. The Term Loan Agreement provides for the following term loans in two tranches: € 115,000 due in March 2023 and an additional € 150,000 that was drawn down in March 2020 and is due in March 2023. The weighted average interest rate at July 31, 2020 was 0.71%. At July 31, 2020, the balance outstanding was € 265,000 ($312,022). We were in compliance with all covenants at July 31, 2020. 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. At July 31, 2020, $405,000 was outstanding under this facility. The Term Loan Agreement provides for the following term loans in two tranches: $200,000 due in September 2022, and $205,000 due in March 2024. The weighted average interest rate for borrowings under this agreement was 0.82% at July 31, 2020. We were in compliance with all covenants at July 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 July 31, 2020 and October 31, 2019. We were in compliance with all covenants at July 31, 2020, and the amount we could borrow under the facility would not have been limited by any debt covenants. 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 July 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 July 31, 2020 and October 31, 2019, $85,714 and $92,857, respectively, was outstanding under this agreement. Existing notes mature between July 2021 and July 2027 and bear interest at fixed rates between 2.89% and 3.19%. We were in compliance with all covenants at July 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 July 31, 2020 and October 31, 2019, $109,900 and $140,800, respectively, was outstanding under this agreement. Existing notes mature between July 2021 and July 2025 and bear interest at fixed rates between 2.62% and 3.13%. We were in compliance with all covenants at July 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 July 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 July 31, 2020.

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