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Mar 31, 2022
Westrock Coffee Q1 2022 Earnings Report
Westrock Coffee announced closing of business combination with Riverview Acquisition Corp
Key Takeaways
Westrock Coffee Company announced the closing of its business combination transaction with Riverview Acquisition Corp., raising approximately $300 million of equity capital and accessing $350 million of debt capital. The company's common stock is now listed on the Nasdaq under the symbol "WEST".
Westrock Coffee closed its business combination with Riverview Acquisition Corp.
The company's common stock began trading on the Nasdaq under the ticker symbol "WEST".
Westrock Coffee entered into a new credit agreement including a $175 million term loan and a $175 million revolving credit facility.
Proceeds from the transaction and credit agreement will be used to repay existing debt and fund growth initiatives.