Lough Gill Distillery, the makers of Athrú single malt whiskey, has secured a €15 million debt financing facility from PNC Bank – a top-five lender to retail and business customers in the United States.
This long term debt financing facility will be used fund the production of an additional 600,000 litres of pure alcohol each year at the Lough Gill Distillery in Co. Sligo.
The facility has been specifically designed to support the cash flow profile of a scaling whiskey distillery and it is not due to be repaid until after the liquid has fully matured into single malt whiskey.
The Sligo-based distillery was founded in 2014 after the discovery of a vast warehouse complex, concealed by a forgotten 300 year old Palladian house in Hazelwood forest.
These buildings have been sustainably repurposed into a world class single malt distillery, which was commissioned in 2019.
Uniquely in Ireland, the distillery has onsite bonded warehousing for up to 15 years production enabling whiskey maturation and cask finishing to take place surrounded by the same local microclimate.
Lough Gill Distillery also announces the launch of the Athrú Cask Reserve and has committed to reinvest a portion of these sales in rejuvenating the surrounding estate and sustainability projects.