Effective January 19, 2016, Calavo Growers Inc., and Bank of America, N.A. (BoA), entered into an agreement, Amendment no. 7 to Loan Agreement, which amended existing credit facility with BoA. Under the terms of the Agreement, the expiration date has been extended from February 1, 2016 to June 1, 2016.

In addition, effective January 19, 2016, Calavo Growers Inc. and Farm Credit West, PCA (FCW), entered into a letter agreement, which serves as an amendment to the Revolving Credit Agreement dated May 31, 2011. Under the terms of this letter agreement, the expiration date has been extended from February 1, 2016 to June 1, 2016.