Westrock Coffee Replaces $425 Million Facilities With $600 Million Deal
Photo: TokenPost
Westrock Coffee Company (Nasdaq: WEST) closed $600 million in new credit facilities for its Beverage Solutions segment on Oct. 21, replacing a $425 million package and lowering scheduled term-loan amortization. The company estimated the change would reduce required principal payments by about $15 million over the next four quarters. The senior secured first-lien facilities consist of a $300 million term loan and a $300 million revolving facility. Both mature Oct. 21, 2031, subject to a springing maturity in certain circumstances. Scheduled term-loan amortization falls from 10% under the previous facility to 2.5% in Year 1 and 5% in Years 2–4.
Source: TokenPost
