25th Feb 2021 19:07
Aston Martin Lagonda Global Holdings PLC - Gaydon-based luxury automaker - Says its subsidiary, Aston Martin Capital Holdings Ltd prices GBP70 million aggregate principal amount of 10.5% senior secured notes due 2025 issued at 109% - a premium which generates gross proceeds of GBP76 million. The offering of the notes is subject to customary closing conditions and settlement is expected to occur on or around March 4. Says proceeds from the offering of notes will be used for general corporate purposes, including working capital, capital expenditures and to pay expenses and fees.
Earlier, Aston Martin post a sharply widened loss amid Covid-19 pandemic, as it hailed the successful launch of its first SUV - the DBX.
Current stock price: 2,137 pence
Year-to-date change: 6.4%
By Arvind Bhunjun; [email protected]
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