Aston Martin Is Said to Weigh New Bonds as Cash Pressures Mount
Completed Aston Martin vehicles sit on the production line at the Aston Martin Lagonda Ltd. factory in Gaydon, U.K.
Photographer: Bloomberg/BloombergThis article is for subscribers only.
Aston Martin Lagonda Global Holdings Plc may soon return to Europe’s bond market to offset pressure on the luxury carmaker’s free cash flow, according to four people familiar with the matter.
The potential debt issuance will be unsecured and rated CCC, according to two of the people, who are not authorized to speak publicly and asked not to be identified. That would give existing bondholders a buffer given the company’s outstanding notes are all secured.