Limoneira Amends Loan Agreement With AgWest Farm Credit to Tighten Financial Covenants

Reuters12-17 05:08

Limoneira Amends Loan Agreement With AgWest <a href="https://laohu8.com/S/FCTXZ">Farm Credit</a> to Tighten Financial Covenants

Limoneira Company has amended its Master Loan Agreement with AgWest Farm Credit, PCA, as of December 12, 2025. The modification introduces stricter financial covenants for the company, including a requirement to maintain a Minimum Debt Service Coverage Ratio of 1.25 to 1.00 for the fiscal year ending October 31, 2027, and subsequent years. Additionally, the agreement now stipulates that Limoneira must keep a Total Net Leverage Ratio of no more than 4.50 to 1.00 for the fiscal quarter ending October 31, 2027, and each quarter thereafter. A new condition also requires the company to maintain a Debt to Capitalization Ratio not exceeding 0.45 to 1.00, measured quarterly from January 31, 2026, through July 31, 2027. These amendments reflect a tightening of the company's financial obligations under its existing financing arrangement.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Limoneira Company published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-25-121572), on December 16, 2025, and is solely responsible for the information contained therein.

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