Done Deal: Chapel Down Group plc

Great Reputations

PNC Business Credit Case Studies
Chapel Down Store Front based in Kent, in the heart of the Garden of England

The Company: UK's Largest Winery

Based near Tenterden in Kent, Chapel Down Group plc (Chapel Down) is one of the UK’s largest wine producers and creates a world class range of still and sparkling wines. It is the official supplier to Number 10 Downing Street and an official sparkling wine provider of the Oxford & Cambridge Boat Races.

The Deal: Inspirational Brand

Chapel Down was the first English wine producer to feature in the London Stock Exchange’s ‘1000 Companies to Inspire Britain’. Awarded ‘CoolBrand’™ status for the past three years, demand for Chapel Down’s products is very strong.

The Achievement: Great Reputations

The term and revolving facilities provided by PNC are a key component of Chapel Down’s growth strategy that is delivering increased vineyard acreage and brand-new production facilities.

Winery and Vineyards
 

Chapel Down Tenterden England

£15,000,000

Revolving Line of Credit
& Term Loan

Financing Event: Growth
PNC Deal Leader: Stuart Baty

We met PNC through our industry trade association, as they have been building quite a reputation for leading the way in our world. PNC’s enthusiasm for the business is completely genuine. They were totally committed to getting the deal done and had an instinctive understanding for our business. Despite Covid, we were determined to simultaneously announce our annual results, our crowdfunding initiative and the PNC facility. PNC supported us all the way and worked tremendously hard to get their thorough and extensive groundwork completed to deliver a great deal with perfect timing. These are exciting times for Chapel Down. With more vineyards and a new winery in planning, our production capabilities are in synch with our tremendous sales growth. PNC’s facility delivers the flexibility and the long-term commitment we need to underpin our brand in continuing to go from strength to strength.

__ Richard Woodhouse | Finance Director, Chapel Down