Private Credit Wants to Lend to Wineries and Whiskey Distilleries
Lenders are using aging barrels of whiskey and wine as collateral for financing
Barrels of bourbon whiskey sit stacked in an aging warehouse at the Brown-Forman Corp. Woodford Reserve distillery.
Photographer: Luke Sharrett/BloombergWelcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at Canadian regulators pushing two former executives behind a defunct private lender into bankruptcy and how Moody’s Ratings is expecting an inevitable return of leveraged buyouts. But first, private credit firms are getting in on the alcohol industry. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Isabella Farr
Private credit firms have their sights set and checkbooks out for one particular part of the consumer world: alcohol.