Aston Martin — Credit QuickTake

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Aston Martin — Credit QuickTake

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  1. 9fin team
13 min read

Deal overview

  • Offering £1,140m (equiv.) of senior secured notes due 2029 — split across a £300m (min.) tranche and USD tranche
  • Low single B credit, with growing margins and strong brand value. Cash burn remains a problem due to capex related to electrification strategy and supply-chain issues
  • £390m of equity injections in 2023 helped to partially redeem the second lien notes due 2026

Capitalisation

Link: Table

Business overview

  • UK-based luxury automotive manufacturer
  • Aston Martin’s strong brand is bolstered by its association with Formula 1 and James Bond movies
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