Westrock Coffee Completes Upsized $600 Million Five-Year Credit Facility Refinancing
Westrock Coffee closed an upsized $600 million five-year credit facility for its Beverage Solutions segment, replacing $425 million of prior facilities after Rabobank drew $737 million of commitments — an oversubscribed syndication. The deal leaves roughly $270 million of liquidity ($40 million cash plus $230 million undrawn revolver) and cuts scheduled term loan amortization from 10.0% to 2.5% in Year 1, lowering required principal payments by about $15 million over the next four quarters.
Key figures
- Deal Value Usd
- 600000000
- Shares Offered
- 2400000
- Maturity
- October 2031
- Revolver
- $300 million
- Term loan
- $300 million
- Prior facility
- $425 million
- Undrawn revolver
- $230 million
- Unrestricted cash
- $40 million
- Lender commitments
- $737 million
- Remaining converts
- $32 million due January 2032
- Commitment increase
- $175 million
- Converts repurchased
- $40 million
- Liquidity at closing
- $270 million
- Converts repurchase cost
- $21 million cash
- Optional redemption trigger
- $14.25 for 120 consecutive trading days
- Amortization reduction next four quarters
- $15 million
AI analysis
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