---
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"
generated_at: "2026-06-13T13:42:09.919174+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Calavo Growers enters $90M credit facility with Wells Fargo, replaces existing facility

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 1.02, 3.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-011642
- JSON: https://secwatch.observer/filing/0001558370-23-011642.json
- Plain text: https://secwatch.observer/filing/0001558370-23-011642.txt

## Key facts
- Debt Financings
  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.
  - Instrument: term loan
  - Principal: up to $10.0 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: applicable margin, plus, at the Borrower's option, either a base rate or a secur
  - Maturity: June 26, 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837023011642/0001558370-23-011642-index.htm
- Debt Financings
  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.
  - Instrument: revolving credit
  - Principal: up to $90.0 million
  - Counterparty: Wells Fargo Bank, National Association
  - Rate: applicable margin, plus, at the Borrower's option, either a base rate or a secur
  - Maturity: June 26, 2028
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1133470/000155837023011642/0001558370-23-011642-index.htm

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