LSD Lending to Auction Devils River Distillery Assets in May 2025 Public Sale

Press Release

LSD Lending LLC to Auction the Personal Property of Devils River Holdings LLC and Devils River Distillery, LLC via Public Sale – Devils River Distillery Auction

SAN ANTONIO, April 14, 2025 /PRNewswire/ — Pursuant to Section 9-610 of the Uniform Commercial Code, LSD Lending LLC, a Texas limited liability company (the “Secured Party”) will hold a secured party public sale to the highest and best bidder for cash, with reserve, to be conducted telephonically by the Secured Party on Monday May 5, 2025 at 12:00 p.m. Central Daylight Time (the “Public Sale”). Qualified Bidders (defined below) may attend the Public Sale telephonically. Capitalized terms not otherwise defined herein shall have the meanings assigned to them in the Texas Uniform Commercial Code.

Public Sale Overview – Devils River Distillery Auction

The Secured Party is conducting the Public Sale to foreclose the security interest held by the Secured Party in and to substantially all of the personal property assets of Devils River Holdings LLC, a Texas limited liability company (“Holdings”) and Devils River Distillery, LLC, a Texas limited liability company (“Distillery”; and, together with Holdings, the “Borrowers”), including, without limitation:

• Accounts: Accounts, deposits, and cash
• Inventory: Inventory, products, stock, materials, barrels, bottles, whiskey, and spirits
• FF&E: Equipment, machinery, furnishings, and furniture
• Intangibles: Contract rights, investment property, software, insurance receivables, general intangibles, securities, etc.
• Intellectual Property: Patents, trademarks, proprietary yeast strains, and recipes including multiple whiskey expressions
• Other Property: Other property held by or assigned to Secured Party

These items are collectively referred to as the “Public Sale Collateral.”

Terms and Conditions

All of Borrowers’ right, title, and interest in and to the Public Sale Collateral will be sold “as is” and “where is” without any warranty or representation. The Subordinated Collateral located at 401 East Houston Street, San Antonio, Texas is subject to a statutory lien held by 401 East Houston Street, LLC.

• The sale will be made free and clear of the Secured Party’s and subordinate security interests.
• The Public Sale Collateral will be sold as a single lot or in combination lots.
• The Secured Party reserves the right to credit bid and reject bids.

How to Participate in the Devils River Distillery Auction

To qualify as a bidder (“Qualified Bidder”), a Potential Bidder must:

1. Execute a confidentiality agreement acceptable to Secured Party
2. Provide current financial statements or evidence of financial ability
3. Submit a completed Asset Purchase Agreement
4. Provide a 10% deposit of the bid amount in escrow

Qualified Bidders for the Devils River Distillery Auction will receive access to join the telephonic auction.

Contact Information

For further details regarding the Public Sale Collateral, obtaining the confidentiality agreement and the form asset purchase agreement, and information regarding the Public Sale, you may contact Secured Party by contacting:
Isaac J. Brown
Email: isaac.brown@wickphillips.com
Phone: (214) 740-4037

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