Mission Produce Secures $550M Amended Senior Secured Credit Facility to Finance Calavo Growers Acquisition

summarizeSummary

Mission Produce, Inc. has entered into a new $550 million amended and restated senior secured credit facility, which will be used to finance its acquisition of Calavo Growers, Inc. and refinance existing debt.

check_boxKey Events

• New Credit Facility Established

  Mission Produce entered into an amended and restated senior secured credit agreement totaling $550 million on April 1, 2026.

• Acquisition Financing

  The proceeds from the credit facility will primarily be used to finance a portion of the purchase price for the acquisition of Calavo Growers, Inc. and to refinance Calavo's existing indebtedness. This follows the S-4/A registration filed on March 18, 2026, and the definitive proxy statement/prospectus filed on March 20, 2026, related to the Calavo Growers acquisition.

• Facility Structure

  The $550 million facility consists of a $200 million revolving facility, a $200 million Term A-1 loan, and a $150 million Term A-2 loan. $50 million from each term loan was drawn on the closing date, with the remainder available for the acquisition funding date.

• Secured Debt

  The senior credit facility is secured by substantially all of the assets of Mission Produce and its guarantors.

auto_awesomeAnalysis

This filing details the definitive terms of the $550 million senior secured credit facility, which is a critical step in Mission Produce's previously announced acquisition of Calavo Growers. The substantial size of this financing relative to the company's market capitalization underscores its importance for the company's strategic growth and financial stability, especially following a recent net loss. The facility provides necessary capital for the acquisition and refinancing, while also imposing financial covenants and securing the debt with company assets. This event finalizes the funding mechanism for a major corporate action that has been a focus of recent SEC filings.