Whiskey House of Kentucky, Elizabethtown, Ky., has partnered with Whiskey Capital on the creation of a first-of-its-kind collaboration to provide Whiskey House clients with barrel financing options.
Whiskey Capital, through its latest $150 million lending facility, provides non-dilutive, non-recourse debt capital to whiskey brands and distilleries, backed by whiskey barrel collateral. This partnership establishes Whiskey Capital as a preferred financing provider to Whiskey House’s exclusive distilling customers, it shares.
Whiskey Capital’s individual loans vary in size from $1 million to $30 million with options to defer a portion of interest costs during the initial years of the loans. Customized solutions are available for a mixture of borrower profiles, ranging from early-stage pre-cash flow to mature nationally distributed brands.
“We could not be more excited to partner with Whiskey Capital,” said Whiskey House co-founder and CEO David Mandell in a statement. “Along with Whiskey Capital’s deep industry knowledge and proven track record in supporting brands, our exclusive customers gain access to financing solutions uniquely tailored to the demands of whiskey production. This partnership is a win-win, empowering our customers to grow, while reinforcing Whiskey House’s commitment to their success.”
Whiskey Capital co-founder Rob Penta added: “Whiskey Capital has been a dedicated lender and partner to growing brands in the American whiskey industry since 2018. We look forward to partnering with Whiskey House and their customers to provide the capital necessary to support the growth of leading brands.”
This announcement further bolsters Whiskey House’s transformative position in the contract whiskey manufacturing industry, it states. Since the start of operations in July, Whiskey House has produced more than 45,000 barrels, 18 unique mash bills, and 28 different recipes for its exclusive custom whiskey production customers. The 110,000-square-foot distillery boasts a highly sophisticated manufacturing system that runs on proprietary software, is fully automated, and runs 24 hours a day, seven days a week.
