Whiskey House of Kentucky Teams Up with Whiskey Capital to Revolutionize Industry Financing
In an innovative collaboration set to reshape the whiskey industry, Whiskey House of Kentucky has announced a strategic partnership with Whiskey Capital. This alliance is notable for introducing a unique lending facility amounting to $150 million, aimed specifically at supporting whiskey brands and distilleries. The partnership provides Whiskey House's clients with access to flexible barrel financing options, a first in the American whiskey sector.
Whiskey Capital is recognized for offering non-dilutive, non-recourse debt capital to whiskey businesses, with loans ranging from $1 million to $30 million. This can also include the option to defer interest payments during the initial years of the loan. Whiskey House of Kentucky's clientele, which spans various stages of whiskey production—from emerging brands without cash flow to established names in the market—will particularly benefit from these customized financial solutions.
David Mandell, co-founder and CEO of Whiskey House, expressed enthusiasm about the partnership, stating, "We are thrilled to collaborate with Whiskey Capital. Their substantial experience in the industry complements our mission to deliver tailored financing solutions to our exclusive clients. This partnership empowers our customers to grow while underscoring Whiskey House’s commitment to their success."
Adding to this, Rob Penta, co-founder of Whiskey Capital, highlighted their commitment to supporting brands in the whiskey sector since their inception in 2018, indicating that the partnership would facilitate essential growth capital for leading whiskey brands.
The establishment of this lending facility is another major milestone for Whiskey House, which has already made significant strides in the contract whiskey manufacturing industry. Since opening its doors in July, Whiskey House has produced over 45,000 barrels and developed 18 distinct mashbills as well as 28 various recipes tailored for its exclusive clientele.
The distillery spans 110,000 square feet and is powered by a sophisticated manufacturing system that utilizes proprietary software for its fully automated operations. This system allows for continuous production, operating day and night, a testament to the company’s commitment to efficiency and excellence in its whiskey offerings.
For those looking for additional information regarding this groundbreaking program, Whiskey House encourages inquiries through their website, www.whiskeyhouse.com, or by contacting Whiskey Capital at www.whiskeycapitalfinance.com. The company's focus remains on clarity and transparency, ensuring that interested parties can easily access the information they need.
About Whiskey House of Kentucky:
Whiskey House of Kentucky operates as a state-of-the-art contract whiskey manufacturing facility. Nestled in a 176-acre campus in Elizabethtown, Kentucky, the distillery is dedicated to producing top-tier, bespoke bourbon and American whiskey without having any brands of its own. In doing so, Whiskey House eliminates potential conflicts of interest, allowing them to fully focus on superior custom whiskey production while offering competitive pricing and exceptional customer service to their exclusive brand clients.
About Whiskey Capital:
Founded with the mission of supporting craft and mid-sized whiskey brands, Whiskey Capital is deeply embedded in the bourbon country and understands the unique challenges faced in the aging process of whiskey. Since its establishment in 2018, it has committed over $100 million to assist various whiskey brands, making a significant impact on the industry.
This collaboration between Whiskey House of Kentucky and Whiskey Capital not only highlights the growth potential in the whiskey industry but also sets a new standard for how financial solutions can support the evolving landscape of whiskey production.