v3.25.2
CREDIT FACILITY (Tables)
 9 Months Ended
Jul. 31, 2025
Debt Disclosure [Abstract]  
Schedule of Components of Debt
(in millions)July 31, 2025October 31, 2024
Current portion of long-term debt(1)(2)
Gross term loan$30.0 $32.5 
Unamortized deferred financing costs(0.7)(0.9)
Current portion of term loan
$29.3 $31.6 
Long-term debt(1)(2)
Gross term loan$562.5 $503.8 
Unamortized deferred financing costs(2.1)(0.6)
Total noncurrent portion of term loan
560.4 503.2 
Revolving line of credit(3)
940.0 799.0 
Long-term debt
$1,500.4 $1,302.2 
(1) At July 31, 2025, and October 31, 2024, the weighted average interest rate on all outstanding borrowings, not including letters of credit and swaps, was 6.09% and 6.68%, respectively.
(2) At July 31, 2025, we had borrowing capacity of $621.7 million.
(3) At July 31, 2025, standby letters of credit amounted to $29.7 million.
Schedule of Long-Term Debt Maturities As of July 31, 2025, the following principal payments are required under the Amended Credit Facility:
(in millions)2025202620272028
2029
2030
Debt maturities$7.5 $30.0 $30.0 $30.0 $30.0 $1,405.0 
Schedule of Interest Rate Swaps
Notional AmountFixed Interest RateEffective DateMaturity Date
$100.0 million1.72%February 9, 2022June 28, 2026
$150.0 million1.85%February 25, 2022June 28, 2026
$100.0 million2.88%May 4, 2022June 28, 2026
     $161.9 million (1)
2.83%July 7, 2022June 28, 2026
     $13.1 million (1)
2.79%July 18, 2022June 28, 2026
$170.0 million3.81%November 1, 2022June 28, 2026
(1) In July 2022, we entered into 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.