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FinanceAston Martin completes £550m debt financing
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Aston Martin has completed a £550m ($735.8m) debt financing arrangement led by BlackRock-owned credit manager HPS Investment Partners. The package includes a £450m senior secured term loan and a £100m delayed draw term loan, with an additional £100m of junior permitted debt capacity remaining. Proceeds were used to repay the £170m super senior revolving credit facility and £20m outstanding under the Yew Tree Consortium facility, with remaining funds for transaction costs and general corporate purposes. The debt is secured against assets in a newly incorporated subsidiary. CFO Doug Lafferty stated the financing strengthens liquidity and provides flexibility for product plans. Pro forma liquidity stands at roughly £340m as of 30 June 2026. The carmaker expects year-on-year gains in financial performance, margin expansion, and cash flow generation. Aston Martin will publish H1 2026 results on 29 July 2026. Earlier in July, creditors including Arini Capital Management, BlackRock, and Sculptor Capital Management hired Jefferies Financial Group as adviser amid concerns over potential debt restructuring.
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Aston Martin is set to publish its H1 2026 results on 29 July 2026. Credit: John Hanson Pye / Shutterstock.com
GlobalData | Thu, July 23, 2026 at 2:21 AM PDT | 2 min read
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Aston Martin has completed a £550m ($735.8m) debt financing arrangement, with funds managed by BlackRock-owned credit manager HPS Investment Partners taking the lead role.
Financing Structure
The package consists of:
- £450m senior secured term loan (SSTL)
- £100m delayed draw term loan
An additional £100m of permitted debt capacity – ranking junior to this financing – remains available to the carmaker.
Use of Proceeds
Proceeds from the SSTL were used to:
- Repay the group's fully drawn £170m super senior revolving credit facility (RCF)
- Cover the £20m outstanding under the £50m facility provided by members of the Yew Tree Consortium (the YTC Facility)
- Cover transaction costs, with the balance earmarked for general corporate purposes
Both the RCF commitments and the YTC Facility were cancelled at closing.
Security and Liquidity
The debt is secured against a portion of the group's assets held within a newly incorporated subsidiary, alongside certain other group assets.
According to CFO Doug Lafferty, the "debt financing significantly strengthens our liquidity, providing us with both additional resilience and further flexibility to execute our current and future product plans."
The SSTL brings pro forma liquidity to approximately £340m as of 30 June 2026.
Outlook
Aston Martin maintained its expectation of year-on-year gains in financial performance, citing:
- Margin expansion and cash flow generation underpinned by its transformation programme
- A strengthened product mix from forthcoming core and special models
The company is set to publish its H1 2026 results on 29 July 2026.
Recent Context
The company posted a quarterly loss during the three months to 31 March. Earlier this month, creditors reportedly brought in Jefferies Financial Group as financial adviser, reflecting mounting concern over its debt position. Funds affiliated with Arini Capital Management, BlackRock, and Sculptor Capital Management engaged the bank amid worries that Aston Martin could pursue a debt restructuring that would leave them more exposed to potential losses.
"Aston Martin secures £550m debt financing" was originally created and published by Just Auto, a GlobalData owned brand.
Source
Yahoo FinanceWestern
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Aston Martin secures £550m debt financing