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Credit Facility (Tables) | 3 Months Ended
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Jan. 31, 2021
Debt Disclosure [Abstract] |
Schedule of Credit Facility Information | Credit Facility Information
(in millions) |  | January 31, 2021 |  | October 31, 2020
Current portion of long-term debt |  |  |  |
Gross term loan |  | $ | 120.0 |  |  | $ | 120.0 |
Unamortized deferred financing costs |  | (3.1) |  |  | (3.3) |
Current portion of term loan |  | $ | 116.9 |  |  | $ | 116.7 |
Long-term debt |  |  |  |
Gross term loan |  | $ | 530.0 |  |  | $ | 560.0 |
Unamortized deferred financing costs |  | (1.5) |  |  | (2.3) |
Total noncurrent portion of term loan |  | 528.5 |  |  | 557.7 |
Revolving line of credit(1)(2) |  | 45.3 |  |  | 45.3 |
Long-term debt |  | $ | 573.8 |  |  | $ | 603.0 |
(1) Standby letters of credit amounted to $151.0 million at January 31, 2021. (2) At January 31, 2021, we had borrowing capacity of $599.4 million, reflecting covenant restrictions.
Schedule of Term Loan Maturities | Term Loan Maturities During the three months ended January 31, 2021, we made principal payments under the term loan of $30.0 million. As of January 31, 2021, the following principal payments are required under the term loan.
(in millions) |  | 2021 |  | 2022
Debt maturities |  | $ | 90.0 |  |  | $ | 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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