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Credit Facility (Tables) | 3 Months Ended
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Jan. 31, 2020
Debt Disclosure [Abstract] |
Schedule of Credit Facility Information | Credit Facility Information
(in millions) |  | January 31, 2020 |  | October 31, 2019
Current portion of long-term debt |  |  |  |
Gross term loan |  | $ | 75.0 |  |  | $ | 60.0 |
Unamortized deferred financing costs |  | (2.7) |  |  | (2.8) |
Current portion of term loan |  | $ | 72.3 |  |  | $ | 57.2 |
Long-term debt |  |  |  |
Gross term loan |  | $ | 650.0 |  |  | $ | 680.0 |
Unamortized deferred financing costs |  | (3.5) |  |  | (4.1) |
Total noncurrent portion of term loan |  | 646.5 |  |  | 675.9 |
Line of credit(1)(2) |  | 139.8 |  |  | 68.4 |
Long-term debt |  | $ | 786.3 |  |  | $ | 744.2 |
(1) Standby letters of credit amounted to $153.5 million at January 31, 2020. (2) At January 31, 2020, we had borrowing capacity of $499.9 million; however, covenant restrictions limited our borrowing capacity to $353.2 million.
Schedule of Term Loan Maturities | As of January 31, 2020, the following principal payments are required under the term loan.
(in millions) |  | 2020 |  | 2021 |  | 2022
Debt maturities |  | $ | 45.0 |  |  | $ | 120.0 |  |  | $ | 560.0 |
Schedule of Interest Rate Swap 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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