Published on 4/1/2019 in the Prospect News High Yield Daily.
New Issue: Aston Martin privately places $190 million 6½% secured notes due 2022
Portland, Ore., April 1 - Aston Martin Capital Holdings Ltd. announced in a Monday press release that it privately placed a $190 million add-on to its 6½% senior secured notes due April 15, 2022.
The Gaydon, England-based automobile manufacturer said that it plans to use proceeds for general corporate purposes including allowing flexibility in expansion of the product portfolio in the third phase of the company's Second Century Plan and to underpin resilience and a robust funding position.
| Issuer: | Aston Martin Capital Holdings Ltd.
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| Amount: | $190 million
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| Maturity: | April 15, 2022
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| Security description: | Add-on to 6½% senior secured notes due April 15, 2022
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| Coupon: | 6½%
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| Placement: | Private
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| Announcement date: | April 1
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