Debt Advisory Case Study

A Debt Advisory team, led by Bruce Walker recently advised Athru Whiskey on a £15m ABL fundraise from PNC. This is the fourth funding round we have advised on in the whisky/whiskey sector in the past 12 months and the first involving an Irish whiskey.

Of particular note is that the collateral available to the lender in this case was primarily new make spirit; hitherto, some lenders had been reluctant to fund the maturation period for new make spirit and we therefore view this as a landmark transaction, in particular for the growing Irish whiskey sector.

For more details, please contact Bruce Walker