Aston Martin Completes £550M Debt Financing
Aston Martin has finalized a £550 million debt financing deal led by HPS Investment Partners, a credit manager owned by BlackRock. The arrangement includes a £450 million senior secured term loan and a £100 million delayed draw term loan, with an additional £100 million of permitted junior debt capacity available to the company. The funds were used primarily to repay existing debts such as its fully drawn £170 million revolving credit facility and part of the Yew Tree Consortium's facility. CFO Doug Lafferty stated that this financing significantly improves liquidity, supporting future product plans and financial resilience. As a result, Aston Martin now holds pro forma liquidity of approximately £340 million. The company expects continued year-on-year performance improvements driven by its transformation program and new vehicle launches. Despite posting a quarterly loss in the first quarter ending March 2026, it remains on track to release H1 results for 2026 on July 29.
Tickers: $BLK
Topics: corporate finance debt restructuring liquidity management