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IN BRIEF: Aston Martin to pay USD200 million of note tenders

10th Oct 2022 15:27

Aston Martin Lagonda Global Holdings PLC - Gaydon, England-based luxury carmaker - Says over USD180 million worth of notes were validly tendered under the offer announced in September. USD40.3 million of its senior secured notes were tendered and accepted for purchase, as were USD143.8 million of its second lien notes. The total tender consideration, excluding interest, is USD200 million due to a premium paid on the notes. The settlement date is expected to be October 11.

USD1.14 billion of the senior secured notes and USD222.3 million of the second lien notes will remain outstanding following the settlement.

Current stock price: 93.76 pence, down 2.6% on Monday

12-month change: down 86%

By Chris Dorrell; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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