Financing ·
Westrock Coffee Company entered into Amendment No. 6 to its Credit Agreement, extending the maturity date of…
WESTWestrock Coffee Co
Westrock Coffee Company entered into Amendment No. 6 to its Credit Agreement, extending the maturity date of approximately $361 million in loans and commitments to November 29, 2028. The amendment also makes certain restricted payments subject to maintaining a secured net leverage ratio of no greater than 3.75x and liquidity of at least $25,000,000. Additionally, the company terminated the covenant relief period early, which decreases the applicable margin on loans and lower the maximum permitted secured net leverage ratio to 4.00x. Westrock Coffee Company operates in the coffee industry and provides beverage solutions.