secwatch.observer — SEC 8-K summary
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Issuer:     Westrock Coffee Co (WEST)
CIK:        0001806347
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001104659-24-024575
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 2.02, 2.03, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Westrock Coffee issues $72M convertible notes, expands facility, JV LOI; prelim 2023 EBITDA near low end
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- Issued $72M 5% convertible senior notes due 2029 at $12.84 conversion price; proceeds to fund Conway facility expansion and JV.
- Entered non-binding LOI with Select Milk Producers for JV to build ESL/aseptic multi-serve bottle line in Littlefield, TX; first shipment expected Q1 2026.
- Preliminary 2023 Adjusted EBITDA expected near low end of $45M-$50M guidance; full year results to be reported March 12, 2024.
- 2024 outlook: Adjusted EBITDA $60M-$80M, reflecting startup of Conway facility.
- Amended credit agreement to increase net leverage covenant levels and decrease interest coverage through Q1 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806347/000110465924024575/0001104659-24-024575-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806347/000110465924024575/tm246306d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-024575

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer