Recent Updates — WEST

Westrock Coffee Company entered into a new $600 million senior secured first lien credit agreement, consisting of a $300 million term loan and a $300 million revolving credit facility maturing in October 2031. The proceeds were used to repay the prior $425 million credit agreement. Concurrently, the company repurchased and cancelled $40 million in aggregate principal amount of its 5.00% convertible senior notes due 2029 for approximately $21 million in cash and 2,391,030 shares of common stock. The remaining $32 million of these notes were amended and restated as the 6.00% 2032 Convertible Notes maturing January 31, 2032, with an initial conversion price reduced to $9.50 per share. Westrock Coffee is an integrated beverage solutions platform serving major brands across packaged coffee, tea, and ready-to-drink categories.

Westrock Coffee Company reported financial results for the second quarter ended June 30, 2026. Consolidated net sales increased 8.8% to $305.7 million, while gross profit decreased 8.8% to $37.7 million. The company recorded a net loss of $13.7 million, narrowing from $21.6 million in the prior year period. Consolidated Adjusted EBITDA rose 38.9% to $21.3 million, driven by a 16.8% sales increase in the Beverage Solutions segment and reduced capital expenditures. The company reaffirmed its full-year 2026 guidance for Consolidated Adjusted EBITDA of $90.0 million to $100.0 million and noted it turned free cash flow positive ahead of schedule. Westrock Coffee operates as an integrated beverage solutions platform that formulates, manufactures, and packages coffee, tea, and functional beverages.

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.