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Bond Market News
Aston Martin in Talks to Address $1.4bn of Debt Maturities
February 14, 2024
Aston Martin is said to be in talks with bankers to tackle its upcoming debt maturities of $1.4bn. Its Executive Chairman Lawrence Stroll confirmed of the talks and added that they will try to address it in the best interests of the company and its shareholders. The talks are set to focus on its 10.5% dollar bond due 2025 maturing in November next year. According to Bloomberg, in addition to the $1.1bn bond, the company has a revolving credit facility of £79mn ($99.8 mn) due next year and a $121mn note to be repaid in 2026.
Its 10.5% 2025s traded stable at 101.2 cents on the dollar, yielding 8.66%
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