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Bond Market News
Aston Martin Secures £550mn Liquidity Facility from HPS Investment Partners
July 23, 2026
– Amruth S
Aston Martin has formally secured a £550mn ($736mn) total financing facility from private credit firm HPS Investment Partners, a subsidiary of BlackRock Inc. The facility will help boost its balance sheet and ease liquidity pressures. The injection features a £450mn ($500mn) secured term loan, and an additional £100mn ($235mn) delayed drawn term loan facility. Moreover, the company also noted that there is capacity to raise further £100mn ($235mn) of debt, that will rank behind these loans in the line of repayment. The drop-down transaction structure involves Aston Martin transferring key intellectual property and brand assets into a newly established subsidiary to act as collateral for the new loans. This comes despite intense pushback from an ad hoc committee of existing senior secured bondholders which includes BlackRock’s own public fixed-income funds. Existing creditors have issued legal warnings arguing that isolating key assets to back HPS’s loan violates original debt documentation and subordinates their positions.
Aston Martin’s bonds were trading higher, with its USD 10% 2029s up by 3.8 points to 58.8 cents on the dollar.
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