Westrock Coffee secures additional $25M equity investment from Arkansas Teacher Retirement System at $10/share

Westrock Coffee Co

ARTRS to buy 2.5M shares at $10 each; $25M gross proceeds, incremental to prior $75M commitment.
Prior $75M investment from HF Capital and Herbert Hunt family announced on June 30, 2023.
Closing expected in August 2023, subject to customary conditions and potential BBH preemptive rights.
Proceeds to fund expansion of extracts and ready-to-drink lines at Conway, Arkansas facility.
Equity plus credit amendment completes capital plan for Phase 1 & 2 and additional can lines.

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