secwatch.observer — SEC 8-K summary
======================================

Issuer:     CALAVO GROWERS INC (CVGW)
CIK:        0001133470
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001558370-23-011642
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 1.02, 3.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1133470/000155837023011642/0001558370-23-011642-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1133470/000155837023011642/cvgw-20230626x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-011642

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer