{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-077081","form_type":"8-K","ticker":"WEST","cik":"0001806347","company_name":"Westrock Coffee Co","filed_at":"2023-06-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.694285+00:00","generated_at":"2026-06-13T14:14:34.545941+00:00","sec_items":["1.01","3.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Westrock Coffee raises $75M in equity, cuts 2023 Adjusted EBITDA guidance to flat/up 10%","bullets":["Enters agreements for $75M PIPE: 7.5M shares at $10.00 each; expected close August 2023 subject to HSR clearance.","Amends $400M credit facility: total net leverage covenant eased (up to 5.50x) through April 2025; interest coverage minimum raised to 2.00x.","2023 Adjusted EBITDA guidance reduced: flat to +10% over 2022, from prior +10-25%, citing customer launch delays and equipment issues.","HF Capital affiliate gets board designation right (one Class II director) post-closing, subject to 5% ownership threshold."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-077081","json":"https://secwatch.observer/filing/0001104659-23-077081.json","markdown":"https://secwatch.observer/filing/0001104659-23-077081.md","text":"https://secwatch.observer/filing/0001104659-23-077081.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806347/000110465923077081/0001104659-23-077081-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806347/000110465923077081/tm2320195d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-13T14:14:34.545941+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"78fe80322edc9cd5f6f330175d1e8921505109a1","claim":"Westrock Coffee Co amended Amendment No. 2 to Credit Agreement with Westrock Beverage Solutions, LLC and Wells Fargo Bank, N.A. valued at Established covenant relief period through April 1, 2025 with modified total net leverage ratio cove (effective 2023-06-30).","evidence_excerpt":"On June 30, 2023, Westrock Beverage Solutions, LLC (the “ Borrower ”), a Delaware limited liability company and a wholly-owned subsidiary of the Company, entered into Amendment No. 2 (the “ Amendment ”) among the Borrower, the lenders party thereto and Wells Fargo Bank, N.A., as administrative agent, to the Credit Agreement dated as of August 29, 2022 (as amended, restated, amended and restated, supplemented or otherwise modified prior to the effectiveness of the Amendment, the “ Existing Credit Agreement ” and, as amended by the Amendment, the “ Amended Credit Agreement ”), among the Borrower, the Company, Wells Fargo Bank, N.A., as administrative agent (in such capacity, the “ Administrative Agent ”), as collateral agent and as swingline lender, Wells Fargo Securities, LLC, as sustainability structuring agent, the issuing banks party thereto from time to time and the lenders party thereto from time to time.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806347/000110465923077081/0001104659-23-077081-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Westrock Beverage Solutions, LLC and Wells Fargo Bank, N.A."},{"label":"Value","value":"Established covenant relief period through April 1, 2025 with modified total net leverage ratio cove"},{"label":"Effective","value":"2023-06-30"}],"fact_type":"material_agreement"},{"claim_id":"860430faa083e2c52585a6b3b2f5c6f7e33b0068","claim":"Westrock Coffee Co entered into Subscription Agreement with HF Direct Investments Pool, LLC valued at 5 million shares of common stock at $10.00 per share, aggregate gross proceeds $50 million (effective 2023-06-29).","evidence_excerpt":"On June 29, 2023, Westrock Coffee Company, a Delaware corporation (the “ Company ”), entered into a subscription agreement (the “ Subscription Agreement ”) with HF Direct Investments Pool, LLC (the “ HF Investor ”), an affiliate of HF Capital, LLC, pursuant to which the Company agreed to sell and issue to the HF Investor and the HF Investor agreed to purchase from the Company 5 million shares (the “ HF Subscription Amount ”) of common stock, par value $0.01 per share (the “ Common Shares ”), of the Company at a purchase price per share of $10.00 for aggregate gross proceeds to the Company of $50 million (such transaction, the “HF Investment ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806347/000110465923077081/0001104659-23-077081-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"HF Direct Investments Pool, LLC"},{"label":"Value","value":"5 million shares of common stock at $10.00 per share, aggregate gross proceeds $50 million"},{"label":"Effective","value":"2023-06-29"}],"fact_type":"material_agreement"},{"claim_id":"a417812d57f1ecff0bab12b9dadfe2bfe9b5e534","claim":"Westrock Coffee Co amended Amended and Restated Investor Rights Agreement with HF Investor and current parties to Investor Rights Agreement valued at Amendment and restatement of Investor Rights Agreement effective upon closing of HF Investment, gran (effective 2023-06-29).","evidence_excerpt":"In connection with the HF Investment, the HF Investor and the current parties to the Investor Rights Agreement entered into an amendment and restatement of the Investor Rights Agreement (the “ Amended and Restated Investor Rights Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806347/000110465923077081/0001104659-23-077081-index.htm","confidence":0.7,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Counterparty","value":"HF Investor and current parties to Investor Rights Agreement"},{"label":"Value","value":"Amendment and restatement of Investor Rights Agreement effective upon closing of HF Investment, gran"},{"label":"Effective","value":"2023-06-29"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}