<SEC-DOCUMENT>0001558370-24-011846.txt : 20241025
<SEC-HEADER>0001558370-24-011846.hdr.sgml : 20241025
<ACCEPTANCE-DATETIME>20240812123549
<PRIVATE-TO-PUBLIC>
ACCESSION NUMBER:		0001558370-24-011846
CONFORMED SUBMISSION TYPE:	CORRESP
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20240812

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Westrock Coffee Co
		CENTRAL INDEX KEY:			0001806347
		STANDARD INDUSTRIAL CLASSIFICATION:	BEVERAGES [2080]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				264767812
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		CORRESP

	BUSINESS ADDRESS:	
		STREET 1:		4009 N. RODNEY PARHAM RD.
		STREET 2:		3RD FLOOR
		CITY:			LITTLE ROCK
		STATE:			AR
		ZIP:			72212
		BUSINESS PHONE:		(501) 320-4880

	MAIL ADDRESS:	
		STREET 1:		4009 N. RODNEY PARHAM RD.
		STREET 2:		3RD FLOOR
		CITY:			LITTLE ROCK
		STATE:			AR
		ZIP:			72212

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Westrock Coffee Holdings, LLC
		DATE OF NAME CHANGE:	20200311
</SEC-HEADER>
<DOCUMENT>
<TYPE>CORRESP
<SEQUENCE>1
<FILENAME>filename1.htm
<TEXT>
<!--Enhanced HTML document created with Toppan Merrill Bridge  10.6.125.0--><!--Created on: 8/12/2024 03:42:35 PM (UTC)--><!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd"><html><head><meta charset="UTF-8"><title></title></head><body><div style="margin-top:30pt;"></div><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 20pt 0pt;"><img src="tmb-20240812xcorresp001.jpg" alt="Graphic" style="display:inline-block;height:57.6pt;left:0%;padding-bottom:0pt;position:relative;top:0pt;width:86.4pt;"></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:0pt 0pt 12pt 0pt;">August 12, 2024</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 24pt 0pt;"><u style="font-style:italic;font-weight:bold;text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">VIA EDGAR</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">U.S. Securities and Exchange Commission</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">100 F Street, N.E.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Division of Corporation Finance, Office of Manufacturing</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Washington, D.C. 20549</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Attention: Dale Welcome</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 6pt 0pt;"><font style="white-space:pre-wrap;">                 Jean Yu</font></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="width:36pt;padding:0pt;"></td><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;"><b style="font-weight:bold;">Re:</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;"><b style="font-weight:bold;">Westrock Coffee Co.</b><br><b style="font-weight:bold;">Form 10-K for Fiscal Year Ended December 31, 2023</b><br><b style="font-weight:bold;">Filed March 15, 2024</b><br><b style="font-weight:bold;">File No. 001-41485</b></p></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Ladies and Gentlemen:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;">On behalf of Westrock Coffee Company (the &#8220;Company&#8221;), set forth below is the response of the Company to the follow-up comment of the staff of the Division of Corporation Finance (the &#8220;Staff&#8221;) of the United States Securities and Exchange Commission (the &#8220;Commission&#8221;) set forth in the Staff&#8217;s letter, dated July 30, 2024, regarding the Company&#8217;s Form 10-K for the Fiscal Year Ended December 31, 2023 filed with the Commission on March 15, 2024 (the&#160;&#8220;10-K&#8221;).</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 12pt 0pt;"><font style="white-space:pre-wrap;">For your convenience, the Staff&#8217;s comment is recited below in bold, followed by the Company&#8217;s response.  Page references herein correspond to the page of the 10-K.  References to &#8220;we&#8221;, &#8220;us&#8221;, or &#8220;our&#8221; refer to the Company.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Form 10-K for the Fiscal Year Ended December 31, 2023</u></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations Adjusted EBITDA, page 30</u></p><table border="0" cellpadding="0" cellspacing="0"><tr><td style="vertical-align:text-top;white-space:nowrap;width:36pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;"><b style="font-weight:bold;">1.</b></p></td><td style="padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;"><b style="font-weight:bold;white-space:pre-wrap;">We note your response to prior comment 1, including that &#8220;the exclusion of Conway Start-up Costs are specifically permitted under the Company&#8217;s material debt agreements for the purpose of determining compliance with specific financial covenants.&#8221;  Please provide us with the following:</b></p></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:36pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:14.4pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">the material debt agreement(s) to which Conway start-up costs are excluded for the purpose of determining compliance with your material financial covenant(s);</b></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:36pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:14.4pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">whether the financial covenant is a material term of the credit agreement; and</b></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="width:36pt;"></td><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:14.4pt;padding:0pt;">&#9679;</td><td style="padding:0pt;"><b style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:bold;">the specific financial covenant(s) as calculated in accordance with such material debt agreements, including the section to which it is defined in such debt agreements.</b></td></tr></table><div style="margin-top:12pt;"></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 36pt;"><b style="font-weight:bold;">If management believes the covenant is a material term of a material credit agreement and it is material to an investor&#8217;s understanding of the company&#8217;s financial condition and/or liquidity, please disclose the following within MD&amp;A:</b></p><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-top:0pt;padding-left:14.4pt;text-indent:-14.4pt;"><font style="display:inline-block;min-width:13.5pt;text-indent:0pt;white-space:nowrap;">&#9679;</font><b style="font-weight:bold;">the amount or limit required for compliance with the covenant; and</b></div></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;"><font style="font-family:'Degular';white-space:pre-wrap;">Westrock Coffee Company      4009 N. Rodney Parham Road 4</font><sup style="font-family:'Degular';font-size:7.5pt;vertical-align:top;">th</sup><font style="font-family:'Degular';white-space:pre-wrap;"> Floor      Little Rock, AR 72212      (501) 918-9358</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="margin-top:21.6pt;min-height:41.75pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">U.S. Securities and Exchange Commission</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Division of Corporation Finance, Office of Manufacturing</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">August 12, 2024</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Page 2</p></div><div style="clear:both;max-width:100%;position:relative;"><div style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-top:0pt;padding-left:14.4pt;text-indent:-14.4pt;"><font style="display:inline-block;min-width:13.5pt;text-indent:0pt;white-space:nowrap;">&#9679;</font><b style="font-weight:bold;">the actual or reasonably likely effects of compliance or non-compliance with the covenant on the company&#8217;s financial condition and liquidity.</b></div><div style="margin-top:12pt;"></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 36pt;"><b style="font-weight:bold;white-space:pre-wrap;">If you determine Adjusted EBTIDA is not a material debt covenant to your material debt agreements or is calculated differently from your debt agreements, revise your non-GAAP measure to remove the adjustment for such start-up costs.  Refer to Question 102.09 of the C&amp;DIs on Non-GAAP Financial Measures.</b></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><font style="white-space:pre-wrap;">In response to your information request, the Company respectfully acknowledges the Staff&#8217;s comment and submits that the material debt agreement to which Conway start-up costs are excluded for the purpose of determining compliance with our financial covenants is that certain Credit Agreement, dated as of August 29, 2022, among Westrock Beverage Solutions, LLC, as the borrower (&#8220;Borrower&#8221;), the Company, Wells Fargo Bank, N.A., as administrative agent, collateral agent, and swingline lender, Wells Fargo Securities, LLC, as sustainability structuring agent, and each issuing bank and lender party thereto (the &#8220;Credit Agreement&#8221;), as amended by that certain Incremental Assumption Agreement and Amendment No. 1, dated as of February 14, 2023, that certain Amendment No. 2, dated as of June 30, 2023 (&#8220;Amendment No. 2&#8221;), and that certain Amendment No. 3, dated as of February 15, 2024 (&#8220;Amendment No. 3&#8221;).  The&#160;Credit Agreement and each of the aforementioned amendments are filed as Exhibits 10.4, 10.5, 10.6 and 10.7 to the&#160;10-K, respectively.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">At December 31, 2023, Section 6.09 of the Credit Agreement as amended through Amendment No. 2 (the &#8220;Prior Credit Agreement&#8221;)<sup style="font-size:7.5pt;vertical-align:top;">1</sup><font style="white-space:pre-wrap;"> imposed two financial covenants:  a minimum Total Net Leverage Ratio and a minimum Interest Coverage Ratio (each as defined in the Prior Credit Agreement, the &#8220;Covenants&#8221;). Section 1.01 of the Prior Credit Agreement defined the Covenants as follows (defined terms used but not defined in the following definitions shall have the meaning ascribed to such terms in the Prior Credit Agreement):</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Total Net Leverage Ratio</u>&#8221; shall mean, as of any date of determination, the ratio of (a) Consolidated Total Net Debt outstanding as of the last day of the Test Period most recently ended as of such date to (b) Adjusted Consolidated EBITDA for such Test Period, all determined on a consolidated basis in accordance with GAAP.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 36pt;">&#8220;<u style="text-decoration-color:#000000;text-decoration-line:underline;text-decoration-style:solid;">Interest Coverage Ratio</u>&#8221; shall mean on any date, the ratio of Adjusted Consolidated EBITDA to Consolidated Interest Expense as of any date of determination.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><div style="font-family:'Times New Roman','Times','serif';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" width="25.0%" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;border:none;margin:0pt;" align="left"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">1</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;white-space:pre-wrap;">Please be advised that Amendment No. 3 amended Section 6.09 of the Credit Agreement (the &#8220;Amended Credit Agreement&#8221;).  Pursuant to the Amended Credit Agreement, the Borrower (as defined in the Amended Credit Agreement) is now required to maintain compliance with a Secured Net Leverage Ratio (as defined in the Amended Credit Agreement) and an Interest Coverage Ratio (as defined in the Amended Credit Agreement). The Amended Credit Agreement also includes a minimum liquidity covenant and anti-cash hoarding covenant.  A discussion of the&#160;Amended Credit Agreement and these revised covenants was set forth in the </font><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;">Significant Developments</i><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> (pages&#160;31-32) and </font><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;">Liquidity and Capital Resources&#8212;Credit Agreement</i><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> (pages 45-46) sections of Management&#8217;s Discussion and Analysis of Financial Condition and Results of Operations (the &#8220;MD&amp;A&#8221;) of the 10-K, as well as </font><i style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;font-weight:normal;">Note 23. Subsequent Events</i><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;"> of the Consolidated Financial Statements (pages 99-100) in the 10-K.</font></td></tr></table><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;"><font style="font-family:'Degular';white-space:pre-wrap;">Westrock Coffee Company      4009 N. Rodney Parham Road 4</font><sup style="font-family:'Degular';font-size:7.5pt;vertical-align:top;">th</sup><font style="font-family:'Degular';white-space:pre-wrap;"> Floor      Little Rock, AR 72212      (501) 918-9358</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="margin-top:21.6pt;min-height:41.75pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">U.S. Securities and Exchange Commission</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Division of Corporation Finance, Office of Manufacturing</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">August 12, 2024</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Page 3</p></div><div style="clear:both;max-width:100%;position:relative;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><font style="white-space:pre-wrap;">A component of each of the Covenants is Adjusted Consolidated EBITDA, which is defined in Section 1.01 of the Prior Credit Agreement, but Adjusted Consolidated EBITDA is not itself a financial covenant.  Subsection (xii) of the definition of Adjusted Consolidated EBITDA in the Prior Credit Agreement permits, among other things, &#8220;integration and facilities&#8217; or offices&#8217; opening costs, start-up costs and other business optimization expenses . . . and any costs or expenses related or attributable to the commencement of a New Project&#8221;</font><sup style="font-size:7.5pt;vertical-align:top;">2</sup> to be added to Consolidated Net Income (as defined in the Credit Agreement) in the calculation of Adjusted Consolidated EBITDA.<sup style="font-size:7.5pt;vertical-align:top;">3</sup></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The Company respectfully submits that it has disclosed the limits required for compliance with the Covenants within <i style="font-style:italic;">Note 12. Debt</i><font style="white-space:pre-wrap;"> of the Consolidated Financial Statements (page 82).  Additionally, the Company disclosed the limits required for compliance with the Covenants (as revised and expanded by Amendment No. 3) in the </font><i style="font-style:italic;">Significant Developments</i> (pages 31-32) and <i style="font-style:italic;">Liquidity and Capital Resources</i>&#8212;<i style="font-style:italic;">Credit Agreement</i> (pages 45-46) sections of the MD&amp;A of the 10-K, as well as <i style="font-style:italic;">Note 23. Subsequent Events</i><font style="white-space:pre-wrap;"> of the Consolidated Financial Statements (pages 99-100) in the 10-K.  Furthermore, the actual or reasonably likely effects of compliance or non-compliance with all of the negative and affirmative covenants set forth in the Credit Agreement from time to time on the Company&#8217;s financial condition and liquidity are disclosed within Item 1A. Risk Factors of the 10-K under the risk titled, &#8220;The covenants in our Credit Facilities and our future levels of indebtedness could materially and adversely affect our financial position, including reducing funds available for other business purposes and reducing our operational flexibility.&#8221; (page 17).  In future filings, we will include disclosure substantially similar to the following within the </font><i style="font-style:italic;">Liquidity and Capital Resources </i>section of the MD&amp;A in our annual reports on Form 10-K and quarterly reports on Form 10-Q (including our quarterly report on Form 10-Q for the quarter ended June 30, 2024) in connection with our discussion of the then-applicable financial covenants imposed by the Credit Agreement (or other future material debt agreements):</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;margin:0pt 0pt 12pt 18pt;">Failure to comply with these covenants or make payments when due could result in an event of default, which, if not cured or waived, could accelerate our repayment obligations under the Credit Agreement and could result in a default and acceleration under other agreements containing cross-default provisions. &#160;Under these circumstances, we might not have sufficient funds or other resources to satisfy all of our obligations.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;"><font style="white-space:pre-wrap;">The Company respectfully submits that Adjusted EBITDA as reported in the 10-K is not a non-GAAP liquidity measure subject to the prohibitions of Item 10(e)(1)(ii)(A) of Regulation S-K.  Moreover, as detailed in our response letter dated July 18, 2024, we continue to believe Adjusted EBITDA is an important supplemental measure of operating performance and that the exclusion of Conway extract and ready-to-drink facility start-up costs from the calculation of Adjusted EBITDA is appropriate based on the guidance in Question 100.01 of the Division of Corporation Finance Compliance &amp; Disclosure Interpretations on Non-GAAP Financial Measures. Also as we have detailed in our current response letter, the exclusion of Conway start-up costs from the calculation of Adjusted EBITDA is consistent with the exclusion of these start-up costs in the definition of Adjusted Consolidated EBITDA for purposes of the Credit Agreement.</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The Company respectfully acknowledges that it is responsible for the adequacy and accuracy of our disclosures, notwithstanding any review, comments, action, or absence of action by the Staff.</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">We believe our response addresses your comment. However, we would be happy to speak to you directly if you need additional information or clarification.</p><div style="font-family:'Times New Roman','Times','serif';font-size:10.0pt;margin-bottom:0pt;margin-top:0pt;min-height:1.19em;position:relative;width:100%;"><hr noshade="true" color="#000000" size="1" width="25.0%" style="background-color:#000000;color:#000000;height:1pt;position:relative;top:0.6em;border:none;margin:0pt;" align="left"></div><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:12pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">2</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">Section 1.01 of the Prior Credit Agreement and the Amended Credit Agreement defines &#8220;New Project&#8221; to include, among other things, &#8220;each facility, office or business unit which is either a new facility, office or business unit or an expansion, relocation, remodeling or substantial modernization of an existing facility, office or business unit owned by the Borrower or the Subsidiaries which in fact commences operations.&#8221;</font></td></tr></table><table border="0" cellpadding="0" cellspacing="0" style="border-collapse:collapse;font-family:'Times New Roman','Times','serif';font-size:10pt;margin-bottom:0pt;margin-top:0pt;table-layout:fixed;width:100%;border:0pt;"><tr><td style="font-family:'Times New Roman','Times','serif';font-size:10pt;vertical-align:text-top;white-space:nowrap;width:18pt;padding:0pt;">3</td><td style="padding:0pt;"><font style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:normal;font-weight:normal;">The definition of Adjusted Consolidated EBITDA was not amended by Amendment No. 3.</font></td></tr></table></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;"><font style="font-family:'Degular';white-space:pre-wrap;">Westrock Coffee Company      4009 N. Rodney Parham Road 4</font><sup style="font-family:'Degular';font-size:7.5pt;vertical-align:top;">th</sup><font style="font-family:'Degular';white-space:pre-wrap;"> Floor      Little Rock, AR 72212      (501) 918-9358</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-bottom:30pt;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:always;width:79.3%;border-width:0;"><div style="max-width:100%;padding-left:10.35%;padding-right:10.35%;position:relative;"><div style="margin-top:21.6pt;min-height:41.75pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">U.S. Securities and Exchange Commission</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Division of Corporation Finance, Office of Manufacturing</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">August 12, 2024</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">Page 4</p></div><div style="clear:both;max-width:100%;position:relative;"><div><table style="border-collapse:collapse;font-size:16pt;height:max-content;margin-left:auto;margin-right:auto;padding-left:0pt;padding-right:0pt;width:100%;" align="center"><tr style="height:1pt;"><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><div style="height:1pt;overflow:hidden;overflow-wrap:break-word;position:relative;"><div style="bottom:0pt;position:absolute;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="font-size:1pt;visibility:hidden;">&#8203;</font></p></div></div></td></tr><tr><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Sincerely,</p></td></tr><tr><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:50%;border-bottom:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">/s/ T. Christopher Pledger</p></td></tr><tr><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:50%;border-top:1px solid #000000;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td></tr><tr><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">T. Christopher Pledger</p></td></tr><tr><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p></td><td style="vertical-align:bottom;width:50%;margin:0pt;padding:0pt;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;">Chief Financial Officer</p></td></tr></table></div><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:43.2pt;text-indent:-43.2pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:43.2pt;text-indent:-43.2pt;margin:0pt;"><font style="visibility:hidden;">&#8203;</font></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:43.2pt;text-indent:-43.2pt;margin:0pt 0pt 12pt 0pt;">Contact Information:</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:43.2pt;text-indent:-43.2pt;margin:0pt;">T. Christopher Pledger</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:43.2pt;text-indent:-43.2pt;margin:0pt;">Chief Financial Officer</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:43.2pt;text-indent:-43.2pt;margin:0pt 0pt 12pt 0pt;">chris@westrockcoffee.com</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:43.2pt;text-indent:-43.2pt;margin:0pt;">Blake Schuhmacher</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:43.2pt;text-indent:-43.2pt;margin:0pt;">Chief Accounting Officer</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;padding-left:43.2pt;text-indent:-43.2pt;margin:0pt;">blake.schuhmacher@westrockcoffee.com</p></div><div style="clear:both;margin-bottom:30pt;width:100%;"><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:center;margin:24pt 0pt 0pt 0pt;"><font style="font-family:'Degular';white-space:pre-wrap;">Westrock Coffee Company      4009 N. Rodney Parham Road 4</font><sup style="font-family:'Degular';font-size:7.5pt;vertical-align:top;">th</sup><font style="font-family:'Degular';white-space:pre-wrap;"> Floor      Little Rock, AR 72212      (501) 918-9358</font></p></div></div><hr style="background-color:#000000;clear:both;color:#000000;height:2pt;line-height:0;margin-left:10.35%;margin-right:10.35%;margin-top:30pt;page-break-after:avoid;width:79.3%;border-width:0;"></body></html>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
