Aston Martin £552 million 6.5% and 5.75% high yield issues

Overview:

• Aston Martin has undertaken a £552 million bond issue.
• The issue consists of $400 million 6.5% notes and £230 million 5.75% notes, both due 2022.
• Bank of America Merrill Lynch, HSBC, Morgan Stanley, Standard Chartered Bank and UniCredit acted as bookrunners.
• Deutsche Bank, Goldman Sachs and JPMorgan acted as global coordinators.
• Funds from the issue will be used to refinance existing debt. 
• The company has also entered into a £80 million revolving credit facility.
• The issue comes shortly after the launch of the company's new DB11 vehicle.

Sam Duke - Editor