WestRock Company (NYSE:WRK) Files An 8-K Other Events
Item 8.01. Other Events
On August 24, 2017, WRKCo Inc. (“WRKCo”), formerly known as WestRock Company, completed a private placement of $500.0 million aggregate principal amount of its 3.0% Senior Notes due 2024 and $500.0 million aggregate principal amount of its 3.375% Senior Notes due 2027 (the “2017 Notes”). On March 6, 2018, WRKCo completed a private placement of $600.0 million aggregate principal amount of its 3.75% Senior Notes due 2025 and $600.0 million aggregate principal amount of its 4.0% Senior Notes due 2028 (the “March 2018 Notes”). On December 3, 2018, WRKCo completed a private placement of $750.0 million aggregate principal amount of its 4.65% Senior Notes due 2026 and $750.0 million aggregate principal amount of its 4.9% Senior Notes due 2029 (the “December 2018 Notes” and, together with the 2017 Notes and the March 2018 Notes, the “Original Notes”). The Original Notes are fully and unconditionally guaranteed on a joint and several basis by WestRock Company (“WestRock”), the direct parent of WRKCo, and WestRock MWV, LLC and WestRock RKT, LLC, each a 50% owned domestic subsidiary of WRKCo (collectively, the “Guarantors”). In connection with each of the private placements noted above, WRKCo and certain of the Guarantors entered into a registration rights agreement with the respective initial purchasers in which WRKCo agreed, among other things, to file a registration statement covering an offer to exchange each series of the Original Notes for a new issue of exchange notes registered under the Securities Act of 1933, as amended, with substantially identical terms. WestRock intends to file a registration statement on Form S-4 with the Securities and Exchange Commission to satisfy its obligations under each of the registration rights agreements.
WestRock is filing this Current Report on Form 8-K to include the condensed consolidating financial information of WestRock specified by Rule 3-10 of Regulation S-X in WestRock’s consolidated financial statements, and the notes thereto, originally filed on November 16, 2018, as part of WestRock’s Annual Report on Form 10-K for the year ended September 30, 2018. The consolidated financial statements, and the notes thereto, are set forth in Exhibit 99.1 to this Current Report on Form 8-K and replace and supersede those financial statements referenced in Part II, Item 8, and Part IV, Item 15, of WestRock’s Annual Report on Form 10-K for the year ended September 30, 2018. Other than the addition of the condensed consolidating financial information of WestRock specified by Rule 3-10 of Regulation S-X, no other changes to WestRock’s previously issued financial statements have been made.
Item 8.01Financial Statements and Exhibits.
(d)Exhibits
The following exhibits are filed with this Current Report on Form 8-K:
Exhibit No.Description
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99.1 |
Consolidated Financial Statements and Supplementary Data for the three years ended September 30, 2018. |
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101.INS |
XBRL Instance Document. |
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101.SCH |
XBRL Taxonomy Extension Schema Document. |
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101.CAL |
XBRL Extension Calculation Linkbase Document. |
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101.DEF |
XBRL Taxonomy Extension Definition Linkbase Document. |
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101.LAB |
XBRL Taxonomy Extension Labels Linkbase Document. |
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101.PRE |
XBRL Taxonomy Extension Presentation Linkbase Document. |
WestRock Co Exhibit
EX-23 2 wrk-ex23_10.htm EX-23 wrk-ex23_10.htm EXHIBIT 23 Consent of Independent Registered Public Accounting Firm We consent to the incorporation by reference in the following Registration Statements: (1) Registration Statement (Form S-8 No. 333-205564) pertaining to the MeadWestvaco Corporation Savings and Employee Stock Ownership Plan for Bargained Hourly Employees,…
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About WestRock Company (NYSE:WRK)
WestRock Company is a multinational provider of paper and packaging solutions for consumer and corrugated packaging markets. The Company also develops real estate in the Charleston, South Carolina region. The Company’s segments include Corrugated Packaging, Consumer Packaging, and Land and Development. The Corrugated Packaging segment consists of its containerboard mill and corrugated packaging operations, as well as its recycling operations. The Consumer Packaging segment consists of consumer mills, folding carton, beverage, merchandising displays, home, health and beauty dispensing, and partition operations. The Land and Development segment is engaged in the development and sale of real estate primarily in Charleston, South Carolina. As of September 30, 2016, the Company owned approximately 61,000 acres of development landholdings primarily in the Charleston, South Carolina region. The Corrugated Packaging segment produces containerboard and high-graphics preprinted linerboard.
