Calavo sells 1.68M Limoneira shares for $18.5M to reduce debt

CALAVO GROWERS INC

Sold 1,677,299 shares of Limoneira common stock for gross proceeds of approximately $18.5 million.
Net proceeds after commissions and expenses will be used to pay down borrowings on its Bank of America credit facility.
Bank of America, as administrative agent, released its lien on the shares contemporaneously with the sale.

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