FINANCIAL_SERVICESAPPROVED

Woodford County Fiscal Court AgendaPacket 2026-04-28

Woodford County approves $90M bonds for distillery project

Aggregate revolving principal amount not to exceed $90,000,000Woodford County Fire Protection DistrictPERISTYLE LLC DBA CASTLE & KEY DISTILLERYApril 28, 2026

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Description

Woodford County Fiscal Court adopted Ordinance 2026-03 authorizing up to $90 million in revolving industrial building revenue bonds to finance the Castle & Key Distillery project through a lease arrangement with Peristyle, LLC. The bonds, maturing within forty years, will fund acquisition, construction, and equipping of industrial facilities and are secured solely by project-related revenues.

Contract Details

Contract Amount

Aggregate revolving principal amount not to exceed $90,000,000

Vendor

PERISTYLE LLC DBA CASTLE & KEY DISTILLERY

Agency

Woodford County Fire Protection District, KY

Contract Type

FINANCIAL_SERVICES

Document Date

April 28, 2026

Contract Term

Bonds to mature no later than forty years after their date of issuance

Renewal Info

Industrial revenue bonds will mature no later than 40 years after issuance; no renewal terms are specified, but amendments to related agreements may be approved by the Judge/Executive and Bond Counsel without further Fiscal Court action if they do not create County liability.

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