£1.15bn refinancing to support growth strategy at Aston Martin

Aston Martin has announced a £1.15bn refinancing which it says will strengthen its financial position and support long-term growth.

The luxury car manufacturer’s subsidiary Aston Martin Capital Holdings has priced bonds worth $960m and £400m, both due in 2029.

Existing lenders have also entered into a new super senior revolving credit facility agreement, increasing their binding commitments by around £70m to £170m. This undrawn facility will provide Aston Martin with additional liquidity “to accelerate its growth strategy”.

Lawrence Stroll, Executive Chairman of Aston Martin, commented: “Having reinvigorated our iconic brand and product portfolio, the successful pricing of this planned refinancing marks another significant step in transforming our balance sheet and aligning Aston Martin for a positive financial future.

“The strong demand from the global credit markets for our new five-year US dollar and pound sterling notes outlines continued confidence in our business strategy, while the simultaneous upgrade from leading credit agencies, represents the progress we’ve made to improve our balance sheet with the support of long-term strategic shareholders.

“With Aston Martin’s long-term financing now secured, we can focus on the continued execution of our brand and product strategy which will underpin the attainment of our near and medium-term financial targets.”