The lending package was secured through Clydesdale Bank, with the help of the new Scottish arm of Belfast-based boutique corporate finance specialists HNH.
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| Managing Director of The GlenAllachie Billy Walker |
The GlenAllachie, who appointed Bruce Walker, a Director of HNH’s Edinburgh team, to lead the refinancing exercise, will use the facility to fund working capital and capital expenditure as it continues to develop its Speyside single malt Scotch whisky brand around the world.
Commenting on the news, Billy Walker, Managing Director of The GlenAllachie, said: “This new debt facility will enable us to continue our journey at the pace we want and further develop GlenAllachie as a premium single malt brand around the world.”
The GlenAllachie distillery, which was named Distillery of the Year Award at The Scottish Whisky Awards, was bought from Chivas by a consortium led by Billy Walker in 2017.
Posted by Steve Rush