secwatch.observer — SEC 8-K summary
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Issuer:     Limoneira CO (LMNR)
CIK:        0001342423
Form:       8-K
Filed at:   2025-07-02T23:59:59+00:00
Accession:  0001104659-25-065035
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Limoneira enters new $115M credit facility with AgWest Farm Credit, maturing 2030
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1342423/000110465925065035/0001104659-25-065035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1342423/000110465925065035/tm2519605d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-065035

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