Westrock Coffee logo.
Arkansas-based Westrock Coffee is getting a $30 million cash jolt as it seeks to turn surging sales into sustainable profits.
The integrated coffee, tea, extracts and ingredients supplier reported third-quarter net sales of $354.8 million, up 61% from a year earlier and a new quarterly record. Yet the company remained in the red, posting a net loss of $19.1 million, wider than the $14.3 million loss in the same period last year, according to financial results announced earlier this month.
Within the earnings release, Westrock said it has raised $30 million through a private placement of 5% convertible senior unsecured notes, due 2031. The notes can be converted to common stock at $5.25 per share, implying potential issuance of about 5.7 million shares if fully converted, according to a filing with the U.S. Securities and Exchange Commission.
In simple terms, the deal gives Westrock $30 million in cash today in exchange for a promise to pay 5% interest and, down the road, possibly convert that IOU into stock instead of repaying in cash. The notes were sold to a small group of institutional and insider investors.
The deal follows a similar strategy adopted in early 2024, when Westrock sold roughly $72 million of convertible senior notes and increased its credit facility.
Both deals come as Westrock settles into new manufacturing, warehouse and distribution facilities in the Little Rock area.
The Westrock Coffee pod production and distribution facility in Conway, Arkansas. 2025 press release photo.
The company opened a 570,000-square-foot roasting and ready-to-drink (RTD) beverage factory and development lab in Conway in 2024. That was followed in 2025 with the inauguration of a 525,000-square-foot single-serve pod manufacturing and distribution center.
“We are pleased to announce another quarter of record results, which reflect the strength of our customer-centered model and the benefits of the strategic investments that we have made over the past three years,” Westrock Coffee CEO Scott Ford said in an announcement of the Q3 results. “We remain on track toward our goal of becoming the premier integrated, strategic supplier to the preeminent global coffee, tea and energy beverage brands.”
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