Item 1.01 Entry into a Material Definitive Agreement.

Effective June 22, 2009, Calavo Growers, Inc. ("we" or "the Company"), and Bank of America, N.A. extended the expiration date of our Business Loan Agreement (the "Agreement") from July 1, 2009 to August 1, 2009. Under the terms of the Agreement, we are advanced funds for the purchase and installation of capital items and other corporate needs of the Company. We believe that we are substantially complete with the renewal of a similar line of credit and expect to finalize such renewal in the near future.
The preceding discussion is qualified by reference to the Extension notice, which is filed as an exhibit to this Current Report on Form 8-K and is incorporated herein.
Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The discussion above in Item 1.01 is hereby incorporated by reference into this Item 2.03.
Item 9.01. Financial Statements and Exhibits.

10.1 Extension notice dated as of June 22, 2009 between Calavo Growers, Inc. and Bank of America, N.A.

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