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Credit Facility (Tables) | 12 Months Ended
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Oct. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Credit Facility Information | Credit Facility Information
(in millions) | October 31, 2020 |  | October 31, 2019
Current portion of long-term debt |  |  |
Gross term loan | $ | 120.0 |  |  | $ | 60.0 |
Unamortized deferred financing costs | (3.3) |  |  | (2.8) |
Current portion of term loan | $ | 116.7 |  |  | $ | 57.2 |
Long-term debt |  |  |
Gross term loan | $ | 560.0 |  |  | $ | 680.0 |
Unamortized deferred financing costs | (2.3) |  |  | (4.1) |
Total noncurrent portion of term loan | 557.7 |  |  | 675.9 |
Revolving line of credit(1)(2) | 45.3 |  |  | 68.4 |
Long-term debt | $ | 603.0 |  |  | $ | 744.2 |
(1) Standby letters of credit amounted to $153.1 million at October 31, 2020. (2) At October 31, 2020, we had borrowing capacity of $596.6 million, reflecting covenant restrictions.
Schedule of Term Loan Maturities | Term Loan Maturities During 2020, we made principal payments under the term loan of $60.0 million. As of October 31, 2020, the following principal payments are required under the term loan.
(in millions) |  | 2021 |  | 2022
Debt maturities |  | $ | 120.0 |  |  | $ | 560.0 |
Schedule of Interest Rate Information |
Notional Amount |  | Fixed Interest Rate |  | Effective Date |  | Maturity Date
$ 90.0 million |  | 2.83% |  | November 1, 2018 |  | April 30, 2021
$ 90.0 million |  | 2.84% |  | November 1, 2018 |  | October 31, 2021
$ 130.0 million |  | 2.86% |  | November 1, 2018 |  | April 30, 2022
$ 130.0 million |  | 2.84% |  | November 1, 2018 |  | September 1, 2022

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