{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-065035","form_type":"8-K","ticker":"LMNR","cik":"0001342423","company_name":"Limoneira CO","filed_at":"2025-07-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:43.782713+00:00","generated_at":"2026-05-18T09:35:30.675451+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Limoneira enters new $115M credit facility with AgWest Farm Credit, maturing 2030","bullets":["New $114M revolving and $1M non-revolving credit facilities, maturing July 1, 2030.","Initial revolving rate 6.600% (SOFR + 2.15%-3.00% margin); non-revolving rate 6.900%.","Covenants: Minimum Debt Service Coverage Ratio ≥1.00x (FY2025), ≥1.25x thereafter; Total Net Leverage max 6.00x (July 2026) stepping down to 4.50x.","Facility secured by agricultural properties in Ventura County and other collateral; amends and restates prior March 2024 MLA.","Proceeds for general business and agricultural purposes; prepayment without penalty permitted."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-065035","json":"https://secwatch.observer/filing/0001104659-25-065035.json","markdown":"https://secwatch.observer/filing/0001104659-25-065035.md","text":"https://secwatch.observer/filing/0001104659-25-065035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1342423/000110465925065035/0001104659-25-065035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1342423/000110465925065035/tm2519605d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-18T09:35:30.675451+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d17f66bbb54bbd00ee47725a65e95a0c3c0ce19c","claim":"Limoneira CO incurred credit facility of $115,000,000 comprised of $114,000,000 under the Revolving Credit Supplement and $1,000,000 under the Non-Revolving Cred with AgWest Farm Credit, PCA at initial interest rate in effect under the Revolving Credit Supplement is 6.600% maturing July 1, 2030.","evidence_excerpt":"The MLA amends and restates the Master Loan Agreement between the Company and the Lender, dated March 27, 2024. The Supplements provide aggregate borrowing capacity of $115,000,000 comprised of $114,000,000 under the Revolving Credit Supplement and $1,000,000 under the Non-Revolving Credit Supplement. For amounts outstanding under both Supplements interest","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1342423/000110465925065035/0001104659-25-065035-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$115,000,000 comprised of $114,000,000 under the Revolving Credit Supplement and $1,000,000 under the Non-Revolving Cred"},{"label":"Counterparty","value":"AgWest Farm Credit, PCA"},{"label":"Rate","value":"initial interest rate in effect under the Revolving Credit Supplement is 6.600%"},{"label":"Maturity","value":"July 1, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}