PwC Debt Advisory is pleased to announce it has advised Bladnoch Distillery Limited (“Bladnoch”) on its refinancing
Founded in 1817, Bladnoch Distillery Limited is the world’s oldest privately owned Scotch Whisky Distillery, located in the Scottish Lowlands. Bladnoch was acquired by its current owner, David Prior in 2015, who invested in a major restoration project to bring the distillery back into production with state of the art facilities. The distillery is now producing award winning whisky sold in 70 countries worldwide.
The new funding package will enable Bladnoch to accelerate the next stage of its growth and expansion plan, investing in new equipment and in turn, increasing capacity.
The new facilities were provided by HSBC UK and consist of a new property and capex loan, in addition to its existing inventory ABL.
PwC’s Debt & Capital Advisory team advised Bladnoch on securing the facility, with advice from Chris Hawes, Emma Lister, Camille Sixsmith and Pavan Mohan.
Sarah Day, Alex Stone and Amy Watson at DLA provided legal advice to the company.
The team at Bladnoch was led on a day to day basis by Priscilla Wilson.
“We’re really pleased to have been able to support Bladnoch in securing financing for the next phase of its growth. It’s incredibly satisfying to get the opportunity to work with a business like Bladnoch, where the genuine passion and vision of David Prior has translated into tangible value, and support, for a heritage brand.”
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