secwatch.observer — SEC 8-K summary
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Issuer:     Westrock Coffee Co (WEST)
CIK:        0001806347
Form:       8-K
Filed at:   2023-06-30T23:59:59+00:00
Accession:  0001104659-23-077081
Event type: other_material
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 3.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westrock Coffee raises $75M in equity, cuts 2023 Adjusted EBITDA guidance to flat/up 10%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806347/000110465923077081/0001104659-23-077081-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806347/000110465923077081/tm2320195d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-077081

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