Banking Recap

Mission Produce, Inc. Enters New Credit Facility for $550.0M

Mission Produce, Inc., a business-services company trading under the ticker AVO, is the borrower in a leveraged finance credit facility transaction. This is an amendment and restatement of an existing credit agreement, classified within the levfin product group. The transaction has a disclosed value of $550 million in USD and is currently pending regulatory approval.

Apr 1, 2026·SEC EDGAR·pending regulatory·Credit facility amendment and restatement

Deal value

The transaction is documented in an SEC filing published on April 1, 2026, though the specific form type was not identified in the source materials. Mission Produce and certain of its direct and indirect subsidiaries, which serve as guarantors alongside the company itself, are the loan parties to this transaction. The deal remains in pending regulatory status as of the filing date.

The lender consortium is arranged and managed by multiple financial institutions fulfilling distinct roles. Bank of America, N.A. serves as the administrative agent and holds the lead position in this capacity. BofA Securities, Inc. and AgWest Farm Credit, PCA are co-leads functioning as joint lead arrangers and bookrunners for the facility. Beyond the lead roles, AgWest Farm Credit, PCA and JPMorgan Chase Bank, N.A. serve as co-syndication agents, while City National Bank and ING Capital, LLC are co-documentation agents. Additional lenders are parties to the agreement on a from-time-to-time basis as the syndicate expands.

No legal advisors to either party were identified in the source materials provided.

The transaction is structured as an Amended and Restated Credit Agreement between the company and the lender group. The agreement consolidates the borrowing relationship under a single restated facility with a stated commitment size of $550 million. Beyond the facility size and the amendment-and-restatement structure, no additional terms were disclosed regarding the composition of the facility, specific facility types (term loan, revolvers, or other tranches), pricing, financial covenants, or other substantive credit terms.

Several material details remain undisclosed or unknown. The specific SEC filing form is not identified. No expected closing or effective date for the amendment and restatement has been disclosed. The internal composition of the $550 million commitment, whether it comprises term loans, revolving credit facilities, or other structures, is not specified. Pricing terms, margin, base rates, fees, and financial or operational covenants are not provided. Maturity dates, amortization schedules if any, and other repayment mechanics are not disclosed. The rationale or business drivers for the amendment and restatement are not stated. Whether this represents an increase, decrease, or refinancing of prior commitments is not indicated.

Advisors

lender

ING Capital, LLCco-documentation agentview source →

“AgWest Farm Credit, PCA and JPMorgan Chase Bank, N.A., as co-syndication agents, City National Bank and ING Capital, LLC, as co-documentation agents, and the other lenders from time to time party thereto (the "Lenders")”

BofA Securitiesadministrative agentview source →

“Mission Produce, Inc. (the "Company") and certain direct and indirect subsidiaries of the Company (such subsidiaries, the "Guarantors", and together with the Company, the "Loan Parties") entered into an Amended and Restated Credit Agreement (the "Credit Agreement") with Bank of America, N.A., as administrative agent (the "Administrative Agent"), BofA Securities, Inc. and AgWest Farm Credit, PCA, as joint lead arrangers and bookrunners”

J.P. Morganco-syndication agentview source →

BofA Securitiesjoint lead arranger and bookrunnerview source →

AgWest Farm Credit, PCAjoint lead arranger and bookrunner; co-syndication agentview source →

“BofA Securities, Inc. and AgWest Farm Credit, PCA, as joint lead arrangers and bookrunners, AgWest Farm Credit, PCA and JPMorgan Chase Bank, N.A., as co-syndication agents”

City National Bankco-documentation agentview source →

Treasury yields

3-Month4.25%

2-Year4.81%

10-Year5.13%

30-Year5.42%

Source: U.S. Treasury, daily par yield curve · as of 10/21/2026