AVO · Mission Produce, Inc.

Mission Produce, Inc. has significantly expanded its capital structure through a $550 million amended and restated credit agreement, marking a strategic financing event to support its acquisition of Calavo Growers, Inc. The facility's structure provides immediate liquidity with $100 million drawn at closing from the term loans, while reserving $300 million for the pending acquisition funding date, demonstrating a staged approach to capital deployment. The inclusion of an accordion feature for up to $150 million in additional borrowings provides future flexibility for growth initiatives. The financial covenants, particularly the 3.50:1 maximum leverage ratio, establish clear guardrails for the company's capital management post-acquisition. The security package covering substantially all assets of the company and its guarantor subsidiaries represents a comprehensive collateralization of the obligations. This financing arrangement positions Mission Produce to execute its acquisition strategy while maintaining access to revolving credit for ongoing operational needs through the $200 million facility with its letter of credit and swingline sublimits.