Aston Martin to get £170 million revolving credit facility

By Sara Rosenberg

New York, March 11 – Aston Martin Lagonda Global Holdings plc has agreed with certain of its existing lenders to enter into a new £170 million super senior revolving credit facility to refinance its existing £100 million revolver, according to a news release.

In addition, the company plans to repay existing revolver borrowings using proceeds from a £1.14 billion equivalent U.S. dollar and sterling senior secured notes offering and cash on hand.

The notes and balance sheet cash will also be used to refinance existing notes due 2025 and 2026 and to pay transaction related fees and expenses.

Closing on the new revolver is subject to consummation of the notes offering.

Aston Martin is a Gaydon, U.K.-based luxury car designer and manufacturer.

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