WhiteHawk Capital Partners, a private credit investment manager focused on asset-based financing solutions, entered into an agreement with Black Rifle Coffee Company to provide a $56 million asset-based credit facility. Black Rifle Coffee will use the proceeds of the financing to provide incremental liquidity for continued growth and refinance existing debt.
Black Rifle Coffee is a veteran-owned and operated seller of coffee, coffee accessories and branded apparel. The company sells products through three channels: DTC, wholesale and its coffee shop locations referred to as “Outposts.” The company bolsters its DTC channel through a robust subscription model that has more than 239,000 subscription-based customers as of June 2023.
“The proceeds of the Financing will be beneficial to our long-term capital structure as we look to support our continued growth driven by our increased brand awareness. Black Rifle Coffee has been pleased working with WhiteHawk Capital Partners in the acquisition of this credit facility and we look forward to our continued partnership in the future,” Chris Mondzelewski, president of Black Rifle Coffee, said.
“We believe Black Rifle Coffee is well positioned to continue its impressive growth,” Brad Huge, managing director of WhiteHawk, said. “We are excited to work with a Company that supports meaningful initiatives for veterans and first responders and delivers high-quality coffee products.”
