Aston Martin in Talks to Tackle $1.4 Billion Debt Pile

British luxury-car maker faces 2025 deadline to repay debt
Company has raised capital, taken on new shareholders

WATCH: Executive Chairman Stroll discusses demand for the new cars and how the company is studying ways to deal with a $1.4 billion debt pile.Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Jamie Nimmo and Tom Mackenzie

February 12, 2024 at 1:00 PM EST

Updated on

February 13, 2024 at 3:15 AM EST

This article is for subscribers only.

Aston Martin Lagonda Global Holdings Plc shares rose after Executive Chairman Lawrence Stroll confirmed the loss-making British luxury car-maker is negotiating with bankers to address a looming debt pile of roughly $1.4 billion.

Talks are set to focus on a $1.1 billion bond that’s maturing in November next year. Its 10.5% coupon puts the company on the hook for payments of $120 million annually.