debt
confidence high
sentiment positive
materiality 0.60
Westrock Coffee amends credit facility, adding $25M revolver commitments and covenant relief
Westrock Coffee Co
- Revolving commitments increased from $175M to $200M via $25M incremental facility.
- Maximum secured net leverage ratio raised to 6.00x for June 2025, 5.50x for Sept 2025, 5.25x for Dec 2025.
- Minimum liquidity covenant will not apply after the covenant relief period ends.
- Proceeds to fund second RTD can line in Conway, AR facility and general corporate purposes.
- Amendment expands lender syndicate to include Farm Credit System member banks.