Limoneira Company has announced a new agreement under its Master Loan Agreement with AgWest Farm Credit, PCA, effective June 26, 2025. The agreement includes a revolving credit facility supplement and a non-revolving credit facility supplement, offering an aggregate borrowing capacity of $115 million. The Company has the ability to prepay any amounts outstanding under both the Revolving Credit Supplement and the Non-Revolving Credit Supplement without penalty, with all amounts due and payable by July 1, 2030. The initial interest rate for the Non-Revolving Credit Supplement is set at 6.9% per annum, subject to adjustments at the Lender's discretion. This strategic move is expected to enhance Limoneira's financial flexibility and support its growth initiatives.
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