30th Oct 2020 17:44
(Alliance News) -Â Aston Martin Lagonda Global Holdings PLC on Friday said its subsidiary has priced USD1.09 billion in notes.
The senior secured notes priced by subsidiary Aston Martin Capital Holdings Ltd, carrying a coupon of 10.50%, are due 2025.
"The proceeds from the offering of the notes, if completed, together with other funds, will be used to redeem in full the issuer's existing senior secured notes, to repay certain other existing indebtedness and for general corporate purposes, including working capital, capital requirements and to pay expenses and fees in connection with the offering of the notes," the luxury car maker said.
Shares in Aston Martin closed up 5.4% at 54.25 pence in London on Friday.
By Lucy Heming;Â [email protected]
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