Whiskey House of Kentucky announced an amendment to its existing credit agreement among a syndicate of banks including Truist Bank as administrative agent along with U.S. Bank, First Horizon Bank, Rabobank, and CoBank. 

This announcement follows news of a new long-term partnership between Whiskey House of Kentucky and the Koetter Group to build 12 state-of-the-art rickhouses over the next six years, increasing the distillery’s barrel storage capacity.  

The completion of the amendment provides the distilling company further capital and increases flexibility in terms of accessing new sources of capital to support the company’s growth. The additional capital will be utilized to enhance the company’s value-added service capabilities to its customers including storage and aging services and to increase flexibility to meet customers’ needs. 

All other key terms of the existing credit agreement, including pricing and amortization, remain unchanged. Whiskey House raised the 5-year, $115 million syndicated credit facility on July 19, 2024.  

“As the industry works to recover from the challenges brought on by the pandemic, Whiskey House continues to add customers to its growing list which includes some of the best brands in the spirits industry,” co-founder and CEO David Mandell said in a news release. “We appreciate the continued partnership from our bank group in supporting the growth trajectory of the business as we look to position ourselves as the leader in custom whiskey production.”

Since the start of operations on July 1, 2024, the distilling operation has produced more than 97,000 barrels, 56 unique mashbills, and 59 different recipes for its exclusive custom whiskey production customers. 

The 110,000 square foot distillery boasts a highly sophisticated manufacturing system that is fully automated and runs on proprietary software 24 hours a day, seven days a week.  

Read more: Whiskey House, Koetter Group to Build K-RAX Rickhouses

About Whiskey House of Kentucky

Whiskey House of Kentucky is designed from the ground up to provide high quality, customized American whiskey for the most discerning brands in the industry. By incorporating best practices, programs, and state-of-the art technology from advanced food manufacturing, and applying them to distilling, Whiskey House delivers quality, flexibility in customization, and the ability to test and scale projects for spirits companies. The company has no brands of its own, and a campus closed to the public, removing all potential conflicts of interest between the company and its customers. For more information, visit WhiskeyHouse.com.