secwatch.observer — SEC 8-K summary
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Issuer:     Mission Produce, Inc. (AVO)
CIK:        0001802974
Form:       8-K
Filed at:   2026-04-01T23:59:59+00:00
Accession:  0001193125-26-138164
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Mission Produce enters $550M credit agreement to fund Calavo acquisition
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- $550M senior secured credit facility: $200M revolver, $200M Term A-1, $150M Term A-2.
- $50M drawn on each term loan at closing; remainder to fund acquisition of Calavo Growers.
- Revolving facility and Term A-1 mature April 1, 2031; Term A-2 matures April 1, 2033.
- Interest rates based on leverage ratio; initial pricing at Tier IV (lowest) until post-acquisition.
- Covenants: max total net leverage ratio 3.50x, min fixed charge coverage 1.25x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1802974/000119312526138164/0001193125-26-138164-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1802974/000119312526138164/d278137d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-138164

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