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Credit Facility (Tables) | 6 Months Ended
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Apr. 30, 2021
Debt Disclosure [Abstract] |
Schedule of Credit Facility Information | Credit Facility Information
(in millions) |  | April 30, 2021 |  | October 31, 2020
Current portion of long-term debt |  |  |  |
Gross term loan |  | $ | 120.0 |  |  | $ | 120.0 |
Unamortized deferred financing costs |  | (3.0) |  |  | (3.3) |
Current portion of term loan |  | $ | 117.0 |  |  | $ | 116.7 |
Long-term debt |  |  |  |
Gross term loan |  | $ | 500.0 |  |  | $ | 560.0 |
Unamortized deferred financing costs |  | (0.9) |  |  | (2.3) |
Total noncurrent portion of term loan |  | 499.1 |  |  | 557.7 |
Revolving line of credit(1)(2) |  | 25.1 |  |  | 45.3 |
Long-term debt |  | $ | 524.2 |  |  | $ | 603.0 |
(1) Standby letters of credit amounted to $149.2 million at April 30, 2021. (2) At April 30, 2021, we had borrowing capacity of $622.1 million, reflecting covenant restrictions.
Schedule of Term Loan Maturities | As of April 30, 2021, the following principal payments are required under the term loan.
(in millions) |  | 2021 |  | 2022
Debt maturities |  | $ | 60.0 |  |  | $ | 560.0 |
Schedule of Interest Rate Swap Information |
Notional Amount |  | Fixed Interest Rate |  | Effective Date |  | Maturity Date
$ 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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