Westrock Coffee closes $50M delayed draw term loan facility for expansion

Westrock Coffee Co

Aggregate principal of $50M senior secured delayed draw term loan facility added to existing $350M credit agreement.
Proceeds to fund capital expenditures at extraction/bottling/canning facility in Conway, AR, or general corporate purposes.
Loans mature August 29, 2027; interest rates and commitment fees match existing term loan and revolver terms.
CFO Chris Pledger states the larger facility provides increased financial flexibility and growth dry powder.
Transaction closed with existing bank syndicate led by Wells Fargo.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Westrock Coffee Co amended Incremental Assumption Agreement and Amendment No. 1 with Wells Fargo Bank, N.A. (effective 2023-02-14).

Action: amendment
Agreement: credit facility
Counterparty: Wells Fargo Bank, N.A.
Effective: 2023-02-14

Exact text from the filing

On February 14, 2023, Westrock Coffee Company, a Delaware corporation (the “ Company ”), entered into an Incremental Assumption Agreement and Amendment No. 1 (the “ Amendment ”)

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Source: SEC EDGAR

accession 0001104659-23-021756

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