Aston Martin Seeks $688 Million to Add More Gas to Overhaul
- Luxury carmaker to refinance its debt with new GBP, USD bonds
- Offering comes as DB11 launch accelerates turnaround plan
Attendees look at an Aston Martin DB11 automobile, produced by Aston Martin, on the first day of the 86th Geneva International Motor Show in Geneva, Switzerland on Tuesday, March 1, 2016. The show opens to the public on March 3, and will showcase the latest models from the world's top automakers.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
Aston Martin Holdings Ltd’s cars have featured in James Bond movies and its latest DB11 grand tourer sells for more than 155,000 pounds ($192,432). Now the company is testing whether investors think its financial prospects are as polished as the brand.
The U.K. luxury auto maker needs to refinance almost $600 million in debt coming due next year and is seeking to replace it with 550 million pounds in new dollar and sterling-denominated bonds.