Brief: Westrock Coffee Co To Become Public Company Through Business Combination With Riverview Acquisition Corp

Westrock Coffee

04/04/2022 12:04

April 4 (Reuters) - Riverview Acquisition Corp  RVAC.O :
    * WESTROCK COFFEE COMPANY, A LEADING INTEGRATED COFFEE, TEA,
FLAVORS, EXTRACTS, AND INGREDIENTS SOLUTIONS PROVIDER, TO BECOME
A PUBLIC COMPANY THROUGH BUSINESS COMBINATION WITH RIVERVIEW
ACQUISITION CORP.
    * RIVERVIEW ACQUISITION CORP - TRANSACTION VALUES WESTROCK
COFFEE
AT AN ENTERPRISE VALUE OF APPROXIMATELY $1.086 BILLION
    * RIVERVIEW ACQUISITION CORP - WESTROCK COFFEE'S EXISTING
SHAREHOLDERS ARE ROLLING 100% OF THEIR SHARES INTO COMBINED
COMPANY
    * RIVERVIEW ACQUISITION CORP - DEAL WILL DELIVER
APPROXIMATELY
$500 MILLION IN GROSS CASH PROCEEDS TO COMBINED COMPANY
    * RIVERVIEW ACQUISITION CORP - TRANSACTION INCLUDES $250
MILLION
IN COMMON STOCK PIPE COMMITMENTS AT $10 PER SHARE
    * RIVERVIEW ACQUISITION- WESTROCK COFFEE HAS SECURED A
FINANCING
COMMITMENT FROM WELLS FARGO FOR A $300 MILLION SENIOR SECURED
PRO RATA CREDIT FACILITY
    * RIVERVIEW ACQUISITION CORP - COMBINED CO WILL BE NAMED
WESTROCK
COFFEE COMPANY AND IS EXPECTED TO BE LISTED ON NASDAQ UNDER
TICKER SYMBOL "WEST."
    * RIVERVIEW ACQUISITION CORP -  WESTROCK COFFEE WILL HOLD
APPROXIMATELY 53% OF SHARES OF COMBINED COMPANY ON CLOSING

Source text for Eikon:  ID:nBw1wGRQva 
Further company coverage:  RVAC.O 

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