The Duckhorn Portfolio, Inc. completed the acquisition of a production winery and planted vineyards in Alexander Valley, Sonoma County, California for $54.6 million.
June 21, 2023
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The Duckhorn Portfolio, Inc. (NYSE:NAPA) entered into a definitive agreement to acquire a production winery and planted vineyards in Alexander Valley, Sonoma County, California for approximately $55 million on May 4, 2023. The acquisition will be financed through The Duckhorn Portfolio?s new and amended credit facility which provides for for $675.8 million in first lien senior secured credit facilities consisting of (i) a $425.0 million revolving credit facility, (ii) a $225.8 million term loan facility and (iii) a $25.0 million delayed draw term loan facility. The transaction is expected to be funded with the New Credit Facility and available cash. The transaction, which is subject to certain customary closing conditions, is expected to close in the fourth fiscal quarter of 2023. As of June 9, 2023, the deal is expected to close in the next couple of weeks.
The Duckhorn Portfolio, Inc. (NYSE:NAPA) completed the acquisition of a production winery and planted vineyards in Alexander Valley, Sonoma County, California for $54.6 million on June 22, 2023. The purchase price was was funded with $15.0 million from the amended new credit Facility and available cash.
The Duckhorn Portfolio, Inc. is a luxury wine company in North America. The Company offers a curated and comprehensive portfolio of luxury wines with price points ranging from $20 to $230 across more than 15 varietals and 39 appellations. The Companyâs portfolio features some of North Americaâs wineries, including Duckhorn Vineyards, Decoy, Sonoma-Cutrer, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Postmark, Canvasback and Greenwing. It sources grapes from its own Estate vineyards and fine growers in Napa Valley, Sonoma County, Anderson Valley, Californiaâs North and Central coasts, Oregon and Washington State. Its wines are available throughout the United States, on five continents, and in more than 50 countries around the world. The Company operates over eleven wineries, ten winemaking facilities, eight tasting rooms and over 2,200 coveted acres of vineyards spanning 38 estate properties.
The Duckhorn Portfolio, Inc. completed the acquisition of a production winery and planted vineyards in Alexander Valley, Sonoma County, California for $54.6 million.
THE DUCKHORN PORTFOLIO, INC. 
