{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-011642","form_type":"8-K","ticker":"CVGW","cik":"0001133470","company_name":"CALAVO GROWERS INC","filed_at":"2023-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:38.028090+00:00","generated_at":"2026-06-13T13:42:09.919174+00:00","sec_items":["1.01","2.03","1.02","3.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Calavo Growers enters $90M credit facility with Wells Fargo, replaces existing facility","bullets":["New $90M revolver and $10M capex facility; matures June 26, 2028.","Proceeds used to repay existing credit facility; for working capital and general purposes.","Interest: Base rate + 0.50% or SOFR + 1.50% (revolver); capex rates higher.","Negative covenants limit dividends, investments, and incurrence of additional debt.","Credit agreement filed as Exhibit 10.1; obligations secured by substantially all assets."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-011642","json":"https://secwatch.observer/filing/0001558370-23-011642.json","markdown":"https://secwatch.observer/filing/0001558370-23-011642.md","text":"https://secwatch.observer/filing/0001558370-23-011642.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1133470/000155837023011642/0001558370-23-011642-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1133470/000155837023011642/cvgw-20230626x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T13:42:09.919174+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5e28c23c1e964eb6941c1a4ca86407f073472687","claim":"CALAVO GROWERS INC incurred term loan of up to $10.0 million with Wells Fargo Bank, National Association at applicable margin, plus, at the Borrower's option, either a base rate or a secur maturing June 26, 2028.","evidence_excerpt":"The Credit Agreement provides for a revolving credit facility of up to $90.0 million (the “Revolving Loans”), along with an undrawn capex credit facility of up to $10.0 million (the “CapEx Loans”, and together with the Revolving Loans, the “New Credit Facility”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1133470/000155837023011642/0001558370-23-011642-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $10.0 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"applicable margin, plus, at the Borrower's option, either a base rate or a secur"},{"label":"Maturity","value":"June 26, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c3491babd3e8c91abd312ac9a9bd13184bff9535","claim":"CALAVO GROWERS INC incurred revolving credit of up to $90.0 million with Wells Fargo Bank, National Association at applicable margin, plus, at the Borrower's option, either a base rate or a secur maturing June 26, 2028.","evidence_excerpt":"On June 26, 2023 (the “Closing Date”), the Company and certain subsidiaries of the Company (collectively, the “Borrower”) entered into a credit agreement (the “Credit Agreement”) by and among, the Borrower, certain subsidiaries of the Company as guarantors, and Wells Fargo Bank, National Association, as agent and lender (“Agent”). The Credit Agreement provides for a revolving credit facility of up to $90.0 million","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1133470/000155837023011642/0001558370-23-011642-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"revolving credit"},{"label":"Principal","value":"up to $90.0 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"applicable margin, plus, at the Borrower's option, either a base rate or a secur"},{"label":"Maturity","value":"June 26, 2028"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}