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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.
Aston Martin (PERSON) Martin Lagonda Global Holdings Plc (ORG) BlackRock (ORG) HPS Investment Partners (ORG) Bloomberg News (ORG)
Originally published by Bloomberg Markets Read original →