Westrock Coffee Company Announces $75.0 Million Equity Investment to Support Long-Term Growth Strategy

Westrock Coffee Company Announces $75.0 Million Equity Investment to Support Long-Term Growth Strategy

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Amends Existing Credit Agreement Creating Greater Revolver Access

Updates Full-Year 2023 Outlook

Announces Inclusion in the Russell 3000® and Russell 2000®

LITTLE ROCK, Ark.June 30, 2023 (GLOBE NEWSWIRE) -- Westrock Coffee Company (NASDAQ: WEST) (“Westrock Coffee” or the “Company”) today announced that it has entered into definitive agreements with affiliates of HF Capital, LLC and the Herbert Hunt family to make aggregate equity investments of $75.0 million in the Company through the purchase of 7,500,000 shares of Company common stock at a price of $10.00 per share. The transactions are expected to close in August 2023, subject to the satisfaction of customary closing conditions, including, in the case of the investment by HF Capital, termination or expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976.

Read the full release here. 

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