Co Wicklow-based Powerscourt Distillery has secured an asset-based lending package - worth €25m - from PNC Business Credit, with support from the specialist corporate finance advisor Edinburgh-based HNH.
Powerscourt said it will use the facility to refinance previous funding and for general working capital as it continues to develop and lay down its high-quality inventory of Irish whiskey.
It said the new capital will be used to bolster the distillery's production capabilities, enhance brand development and support the expansion into new markets.
"This funding propels The Powerscourt Distillery into its next phase of growth," the company said.
Powerscourt Distillery was established in 2016 and began distilling in 2018. It sells single malt, grain and blended Irish whiskey under the Fercullen brand.
It released its blended whiskey, Fercullen Falls, in 2022, which saw whiskey blended at Powerscourt for the first time.
In May it released the first whiskey fully distilled in Co Wicklow in 100 years - Fercullen Single Malt.
Roger Duggan, the General Manager of The Powerscourt Distillery, said that leveraging the company's substantial whiskey stocks makes great sense.
"It will enable us to continue growing at the pace we want and further develop our brand globally. More importantly, it will allow us to achieve our ambitions with greater financial stability and certainty in the years ahead," he added.
