Business & Finance
Noteholders to Aston Martin Sign Cooperation Pact Amid Debt Rout
Key Points
Noteholders to Aston Martin Sign Cooperation Pact Amid Debt Rout A group of creditors to luxury car maker Aston Martin has signed a cooperation pact as earnings pressure weighs on the company’s debt. The ad hoc group includes senior secured noteholders and holds more than 50% of the secured notes, according to a spokesperson for the group. It is working with law firm Akin Gump Strauss Hauer & Feld, the spokesperson said.
Noteholders to Aston Martin Sign Cooperation Pact Amid Debt Rout
A group of creditors to luxury car maker Aston Martin has signed a cooperation pact as earnings pressure weighs on the company’s debt.
The ad hoc group includes senior secured noteholders and holds more than 50% of the secured notes, according to a spokesperson for the group. It is working with law firm Akin Gump Strauss Hauer & Feld, the spokesperson said. Participation is open to all secured noteholders, and the group is inviting others to join the pact.
[Image text:] ASTON MARTIN
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