A total of 16,676,541 public warrants and 2,026,046 private placement warrants were tendered for stock

Davis Polk advised the dealer manager and solicitation agent in connection with an offer to exchange outstanding warrants to purchase shares of common stock of Westrock Coffee Company, and the solicitation of consents from holders of the warrants to amend the warrant agreement to permit the company to require that each warrant outstanding upon the closing of the exchange offer be converted into shares of common stock. A total of 16,676,541 public warrants, or approximately 97.42% of the outstanding public warrants, and 2,026,046 private warrants, or 100% of the private placement warrants, were tendered, each for 0.290 shares of common stock. The settlement of the exchange offer occurred on September 30, 2023.

Westrock Coffee is a leading integrated coffee, tea, flavors, extracts and ingredients solutions provider in the United States. It provides coffee sourcing, supply chain management, product development, roasting, packaging and distribution services to the retail, food service and restaurant, convenience store and travel center, non-commercial account, consumer packaged goods and hospitality industries around the world. With offices in 10 countries, the company sources coffee and tea from numerous countries of origin.

The Davis Polk corporate team included partner Derek Dostal and associates Joyce Kim and Yuchen Xie. The tax team included partner Aliza Slansky, counsel Yixuan Long and associates Ted Lee and Carter Ballentine Allison. All members of the Davis Polk team are based in the New York office.

Copy link to share post