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Aston Martin sets roadshow for £530 million equivalent secured notes in dollars and pounds
By Paul A. Harris
Portland, Ore., March 23 – Aston Martin Capital Holdings Ltd. plans to start a roadshow on Friday in London for £530 million equivalent of five-year senior secured notes (expected ratings B3/B-), according to a market source.
The deal is coming in tranches of dollar-denominated notes and pound-denominated notes. Tranche sizes remain to be determined.
The roadshow continues in London on Monday.
A roadshow is scheduled to run in the United States beginning on Tuesday and wrap up on March 31.
Global coordinator JPMorgan will bill and deliver for the Rule 144A and Regulation S deal. Deutsche Bank and Goldman Sachs are also global coordinators.
BofA Merrill Lynch, HSBC, Morgan Stanley, Standard Chartered and UniCredit are bookrunners.
The notes come with two years of call protection.
The Gaydon, England-based automobile manufacturer plans to use proceeds to redeem the Aston Martin Capital Ltd. senior secured notes due 2018 and the Aston Martin Holdings (UK) Ltd. senior subordinated PIK notes due 2018 and for general corporate purposes.
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