secwatch.observer — SEC 8-K summary
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Issuer:     CALAVO GROWERS INC (CVGW)
CIK:        0001133470
Form:       8-K
Filed at:   2022-11-02T23:59:59+00:00
Accession:  0001558370-22-015916
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133470/000155837022015916/0001558370-22-015916-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133470/000155837022015916/cvgw-20221101x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-22-015916

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