secwatch.observer — SEC 8-K summary
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Issuer:     Westrock Coffee Co (WEST)
CIK:        0001806347
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001104659-23-021756
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 1.01, 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806347/000110465923021756/0001104659-23-021756-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806347/000110465923021756/tm236580d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-021756

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