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CREDIT FACILITY (Tables) | 12 Months Ended
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Oct. 31, 2024
Debt Disclosure [Abstract] |
Schedule of Components of Debt |
| As of October 31,
(in millions) | 2024 |  | 2023
Current portion of long-term debt(1)(2) |  |  |
Gross term loan | $ | 32.5 |  |  | $ | 32.5 |
Unamortized deferred financing costs | (0.9) |  |  | (1.0) |
Current portion of term loan | $ | 31.6 |  |  | $ | 31.5 |
Long-term debt(1)(2) |  |  |
Gross term loan | $ | 503.8 |  |  | $ | 536.3 |
Unamortized deferred financing costs | (0.6) |  |  | (1.5) |
Total noncurrent portion of term loan | 503.2 |  |  | 534.8 |
Revolving line of credit(3) | 799.0 |  |  | 745.0 |
Long-term debt | $ | 1,302.2 |  |  | $ | 1,279.8 |
(1) At October 31, 2024, and October 31, 2023, the weighted average interest rate on our outstanding borrowings, not including letters of credit and swaps, was 6.68%.and 7.17%, respectively. (2) At October 31, 2024, we had borrowing capacity of up to $423.6 million (3) At October 31, 2024 standby letters of credit amounted to $57.9 million
Schedule of Long-Term Loan Maturities | As of October 31, 2024, the following principal payments are required under the Amended Credit Facility.
(in millions) |  | 2025 |  | 2026 |  | 2027 |  | 2028 |  | 2029
Debt maturities |  | $ | 32.5 |  |  | $ | 1,302.8 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Schedule of Interest Rate Swap |
Notional Amount |  | Fixed Interest Rate |  | Effective Date |  | Maturity Date
$ 100.0 million |  | 1.72% |  | February 9, 2022 |  | June 28, 2026
$ 150.0 million |  | 1.85% |  | February 25, 2022 |  | June 28, 2026
$ 100.0 million |  | 2.88% |  | May 4, 2022 |  | June 28, 2026
$161.9 million(1) |  | 2.83% |  | July 7, 2022 |  | June 28, 2026
$13.1 million(1) |  | 2.79% |  | July 18, 2022 |  | June 28, 2026
$ 170.0 million |  | 3.81% |  | November 1, 2022 |  | June 28, 2026
(1) In July 2022, we entered into amortizing interest rate swap agreements with notional values totaling $300.0 million at inception. The notional amount reduces to $100.0 million in October 2025 before maturing on June 28, 2026.

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