Westrock Coffee Company Announces Maturity Extension of its Credit Facilities
Westrock Coffee extended the maturity of approximately $361 million in credit facility loans and commitments from August 29, 2027 to November 29, 2028, with the remaining ~$26 million still maturing in August 2027. The company voluntarily terminated its covenant relief period ahead of schedule, lowering borrowing costs and tightening the maximum permitted secured net leverage ratio from 5.00x to 4.00x for the period ending June 30, 2026.
Key figures
- New maturity date
- November 29, 2028
- Old maturity date
- August 29, 2027
- Extended facility amount
- $361 million
- Remaining maturity amount
- $26 million
- Max leverage ratio new june 2026
- 4.00x
- Max leverage ratio new sept 2026
- 4.00x
- Max leverage ratio prior june 2026
- 5.00x
- Max leverage ratio prior sept 2026
- 4.50x
AI analysis
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