---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-015916"
form_type: "8-K"
ticker: "CVGW"
cik: "0001133470"
company_name: "CALAVO GROWERS INC"
filed_at: "2022-11-02T23:59:59+00:00"
generated_at: "2026-06-22T12:02:19.133543+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Calavo Growers amends credit agreement, relaxes fixed charge covenant and allows up to $5.2M dividend

## Summary
- Minimum Fixed Charge Coverage Ratio for period ending Oct 31, 2022 reduced from 1.20:1.00 to 1.00:1.00.
- New cash dividends permitted subject to Consolidated Dividend Adjusted Fixed Charge Coverage Ratio of 1.20:1.00.
- One-time dividend of up to $5.2M authorized on or before Jan 31, 2023, exempt from ratio test.
- Amendment fee of 10 basis points of the revolving facility paid to lenders.

## SEC filing metadata
- accession: 0001558370-22-015916
- form_type: 8-K
- ticker: CVGW
- cik: 0001133470
- company_name: CALAVO GROWERS INC
- filed_at: 2022-11-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1133470/000155837022015916/0001558370-22-015916-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1133470/000155837022015916/cvgw-20221101x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-015916
- JSON: https://secwatch.observer/filing/0001558370-22-015916.json
- Plain text: https://secwatch.observer/filing/0001558370-22-015916.txt

## Key facts
- Material Agreements
  CALAVO GROWERS INC amended Seventh Amendment to Credit Agreement with Bank of America, N.A., as administrative agent, and Farm Credit West, PCA valued at Modified minimum Consolidated Fixed Charge Coverage Ratio from 1.20:1.00 to 1.00:1.00 for Measuremen (effective 2022-11-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, and Farm Credit West, PCA
  - Value: Modified minimum Consolidated Fixed Charge Coverage Ratio from 1.20:1.00 to 1.00:1.00 for Measuremen
  - Effective: 2022-11-01
  source text: On November 1, 2022, Calavo Growers, Inc. (the “Company”), Bank of America, N.A., as administrative agent, and Farm Credit West, PCA entered into the Seventh Amendment to Credit Agreement (the “Seventh Amendment”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837022015916/0001558370-22-015916-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.