Hyperdrive
McLaren to Raise $620 Million
- Supercar maker holding meetings today for new bond issue
- Adds to $760 million raised from investors including Saudi PIF
Photographer: Adrian Dennis/AFP/Getty Images
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McLaren Finance PLC plans to raise $620 million in a bond issue, ramping up its funding spree as it tries to claw back losses from the impact of the coronavirus pandemic.
The supercar maker, which is seeking to refinance existing bonds and bolster its balance sheet with the additional debt, will hold investor presentations for the new financing at 3:30pm London time Monday.