Westrock Coffee repurchases notes, issues 1.19M shares
Westrock Coffee Co repurchased Westrock Group, LLC's 5% Convertible Notes due 2029 on October 21, 2026, repaying 50% of principal in cash and 50% in common stock; the transaction resulted in the issuance of 1,189,061 shares.
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Rhea-AI Filing Summary
Westrock Coffee Co repurchased Westrock Group, LLC's 5% Convertible Notes due 2029 on October 21, 2026, repaying 50% of principal in cash and 50% in common stock; the transaction resulted in the issuance of 1,189,061 shares.
Westrock Group held 24,452,165 shares of common stock after the transaction. Scott T. Ford, the issuer's chief executive officer and a director, and Greenbrier Holdings, LLC disclaim beneficial ownership of Westrock Group shares in which they lack a pecuniary interest. The reported note price is not usable as a per-share price.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | 5% Convertible Note due 2029 F2, F4 | -- | $20,000,000.00 as filed | -- |
| Other | COMMON STOCK F2, F3, F1 | 1,189,061 | -- | -- |
- Price shown as filed: $20,000,000.00 per share is far above the $9.16 close on Oct 21, 2026, so no transaction value is shown.
Footnotes (4)
- F1. Scott T. Ford is the Chief Executive Officer of Westrock Coffee Company (the "Issuer") and a member of its board of directors. Greenbrier Holdings, LLC ("Greenbrier") is the manager of Westrock Group, LLC ("Westrock Group") and as such has voting and investment power over the securities held by Westrock Group. Scott T. Ford is the sole member and manager of Greenbrier and as such may be deemed to exercise voting and investment control over the securities held by Westrock Group.
- F2. On October 21, 2026, the Issuer repurchased the total aggregate principal amount of the Reporting Person's 5% Convertible Notes due 2029, with fifty percent (50%) of the principal amount being repaid in cash and fifty percent (50%) of the principal amount being repaid in shares of the Issuer's common stock, par value $0.01 per share ("Common Stock"), resulting in the issuance of 1,189,061 shares of Common Stock.
- F3. Consists of 24,452,165 shares of Common Stock, which are held of record by Westrock Group. Greenbrier is the manager of Westrock Group and as such has voting and investment power over the shares of Common Stock held by Westrock Group. Scott T. Ford is the sole member and manager of Greenbrier and as such may be deemed to exercise voting and investment control over the shares of Common Stock held by Westrock Group. Mr. Ford and Greenbrier each disclaims beneficial ownership over all shares held by Westrock Group over which they do not have a pecuniary interest and this report shall not be deemed an admission that Mr. Ford or Greenbrier is the beneficial owner of the disclaimed securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
- F4. Held of record by Westrock Group. Mr. Ford disclaims beneficial ownership over all securities held by Westrock Group over which he does not have a pecuniary interest and this report shall not be deemed an admission that Mr. Ford is the beneficial owner of the disclaimed securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
Key Figures
Key Terms
5% Convertible Notes due 2029 financial
principal amount financial
held of record regulatory
pecuniary interest regulatory
FAQ
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How was the principal on Westrock Coffee's convertible notes repaid?
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