Business & Finance
Aston Martin Raises £550 Million New Debt From HPS to Boost Cash
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Aston Martin Raises £550 Million New Debt From HPS to Boost Cash Aston Martin Lagonda Global Holdings Plc has struck a deal for £550 million ($736 million) of fresh funds with BlackRock Inc.-owned HPS Investment Partners to bolster its liquidity. The luxury car maker said in a statement on Wednesday that the financing is secured against assets sitting in a newly incorporated entity, as well as other assets of the group. Bloomberg News had previously reported the talks.
Aston Martin Raises £550 Million New Debt From HPS to Boost Cash
Aston Martin Lagonda Global Holdings Plc has struck a deal for £550 million ($736 million) of fresh funds with BlackRock Inc.-owned HPS Investment Partners to bolster its liquidity.
The luxury car maker said in a statement on Wednesday that the financing is secured against assets sitting in a newly incorporated entity, as well as other assets of the group. Bloomberg News had previously reported the talks.