Street Talk

Top Shelf lender Longreach sidesteps $30m approach for its debt

Sarah Thompson, Kanika Sood and Emma Rapaport

May 22, 2025 – 5.45pm

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Top Shelf International’s senior secured lender, Longreach Credit Investors, has fielded a $30 million non-binding indicative bid for its debt in the distiller behind NED Whiskey and Grainshaker Vodka.

Street Talk understands the alternative asset manager, which is managing a $35 million facility with Top Shelf, received the offer for its debt in early May. Longreach’s exposure is secured against Top Shelf’s bulk whiskey assets, its Campbellfield distillery and bottling line facility, and its 380-hectare agave farm on Queensland’s east coast.

Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.

Kanika Sood is a journalist based in Sydney who writes for the Street Talk column.

Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review.