SHOREHAM, VT -- (BUSINESS WIRE) WhistlePig, a leading distiller of premium rye whiskey, recently announced that it received a $55 million revolving line of credit from JPMorgan Chase, extending the existing $40 million line that was received in April 2018. The credit facility will provide the company with incremental funding to accelerate the production and aging of their product.
The credit facility will support all aspects of WhistlePig’s business, in addition to increasing the company's production capabilities. The company is building new warehouse facilities, which will increase its in-house storage capacity.
“This additional investment comes at an exciting time for WhistlePig. Our company continues to lead the resurgence of the ultra-premium and luxury rye whiskey category, we look forward to continuing to introduce new products and innovate across the category,” says WhistlePig CEO, Jeff Kozak. Most recently, WhistlePig most recently debuted PiggyBack Rye Whiskey to the U.S. market.
Several years in the making by WhistlePig’s celebrated Master Distiller, Dave Pickerell, PiggyBack comes in at a more accessible price-point. WhistlePig will expand and bolster its involvement in events, sponsorships, and activations on both a regional and national level. PiggyBack will be supported in the market via an all-encompassing marketing campaign, under the tagline “Together We Ryed.”