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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Wells Fargo Leads $50MM Delayed Draw Term Loan for Westrock Coffee Company
Thursday, February 16, 2023
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Lenders/Participants
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Wells Fargo Bank [Lender]
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Structure
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Delayed Draw Term Loan
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Amount
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$50.000
Million
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Borrower(s)
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Westrock Coffee Company
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Description
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An amendment to the Company’s existing $350 million credit agreement that established a new class of incremental term loan commitments in the form of a senior secured delayed draw term loan credit facility (the “DDTL Facility” and any term loans under such DDTL Facility, the “Delayed Draw Term Loans”) in the aggregate principal amount of $50 million. The interest rates under the DDTL Facility are the same as the interest rates with respect to the initial term loans under the existing credit agreement, and the commitment fees applying to the unused portion of the DDTL Facility are the same as the commitment fees with respect to the revolving facility under the existing credit agreement. Any Delayed Draw Term Loans funded under the DDTL Facility will mature on August 29, 2027 and will otherwise be subject to the same terms as the initial term loans under the existing credit agreement.
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Industry
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Food Production - Processing
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| Related Tags |
Wells Fargo Bank
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ABL Advisor
Deal Tables
2025
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