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Debt | 9 Months Ended
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Jul. 31, 2025
Debt |
Debt | Note 16. Debt Debt as of July 31, 2025 and October 31, 2024 consisted of the following (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | July 31, | ​ | October 31,
​ |  | 2025 |  | 2024
Export-Import Bank of the United States Financing Facility | ​ | $ | 9,409 | ​ | $ | 10,104
Liberty Bank Term Loan Agreement (Derby Senior Back Leverage Loan Facility) | ​ | ​ | 5,340 | ​ | ​ | 5,825
Connecticut Green Bank Term Loan Agreement (Derby Senior Back Leverage Loan Facility) | ​ | ​ | 2,465 | ​ | ​ | 2,689
Connecticut Green Bank Loan (Derby Subordinated Back Leverage Loan Facility) | ​ | ​ | 3,500 | ​ | ​ | 3,500
Connecticut Green Bank Loan (Groton Subordinated Back Leverage Loan Facility) | ​ | ​ | 8,000 | ​ | ​ | 8,000
Liberty Bank Term Loan Agreement (Groton Senior Back Leverage Loan Facility) | ​ | ​ | 5,086 | ​ | ​ | 5,437
Amalgamated Bank Loan (Groton Senior Back Leverage Loan Facility) | ​ | ​ | 5,059 | ​ | ​ | 5,420
Finance obligation for sale-leaseback transactions | ​ | ​ | 18,781 | ​ | ​ | 18,811
State of Connecticut Loan | ​ | ​ | 5,350 | ​ | ​ | 6,024
OpCo Financing Facility | ​ | ​ | 63,563 | ​ | ​ | 70,067
Deferred finance costs | ​ | ​ | (3,481) | ​ | ​ | (4,215)
Total debt and finance obligations | ​ | ​ | 123,072 | ​ | ​ | 131,662
Current portion of long-term debt and finance obligations | ​ | ​ | (16,710) | ​ | ​ | (15,924)
Long-term debt and finance obligations | ​ | $ | 106,362 | ​ | $ | 115,738
​ OpCo Financing Facility Interest Rate Swap – Fair Value Adjustment The Company’s interest rate swap related to the OpCo Financing Facility (as defined elsewhere herein) is recorded at its fair value each reporting period, with the resulting gains/losses recorded to other income/expense. The interest rate swap is a Level 2 asset/liability since the value can be determined based on the observed values for underlying interest rates. The fair value adjustment for the three and nine months ended July 31, 2025 resulted in gains (losses) of $0.6 million and $(0.2) million, respectively. The fair value adjustment for the three and nine months ended July 31, 2024 resulted in a loss of $2.4 million and a loss of $3.2 million, respectively. The Company has recorded a derivative asset within other assets on the Consolidated Balance Sheets, which had an estimated fair value of $0.1 million and $0.3 million as of July 31, 2025 and October 31, 2024, respectively.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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