|
The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
Truist Bank, Others Provide $145MM in Long Term Capital to Whiskey House of Kentucky
|
Lenders/Participants
|
Truist Bank [Lender]
U.S. Bank [Lender]
First Horizon Bank [Lender]
Rabobank, N.A. [Lender]
CoBank [Lender]
|
|
Structure
|
$90MM Senior Secured Term Loan; $25MM Revolver; $50MM Incremental Facility
|
|
Amount
|
$145.000
Million
|
|
Borrower(s)
|
Whiskey Hose of Kentucky
|
|
Description
|
A 5-year, $115 million syndicated credit facility from Truist Bank, U.S. Bank, First Horizon Bank, Rabobank, and CoBank (Lenders). Whiskey House commenced operations on July 1, and the financing closed on July 19, consisting of a $90 million Senior Secured Term Loan and a $25 million Revolving Credit Facility. The financing also provides flexibility to raise up to $50 million in additional funding as part of an incremental facility. The proceeds of the financing will be used to refinance the company's existing construction loans, fund future growth expenditure of the company, and provide liquidity for working capital needs. Concurrent with the transaction, Whiskey House also received a 5-year commitment for approximately $30 million of junior capital.
|
|
Industry
|
Spirits
|
|
Location
|
KY
|
| Related Tags |
CoBank, First Horizon Bank, Rabobank, Truist Bank, U.S. Bank
|
ABL Advisor
Deal Tables
2025
|
|
|
|