Creditors to Aston Martin have appointed Jefferies Financial Group as financial adviser amid growing concern over the UK luxury carmaker’s debt, Bloomberg reported, citing unnamed sources.
Funds led by Arini Capital Management, BlackRock and Sculptor Capital Management engaged the investment bank over fears that Aston Martin will pursue a debt deal leaving them more vulnerable to potential losses.
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The bondholders sent a letter to Aston Martin stating they could provide fresh financing if needed, and offering to hold broader discussions about the company’s capital structure.
The group is counselled by law firm Akin Gump, while Aston Martin has been working with Lazard, according to the sources.
The creditor group includes holders of the majority of Aston Martin’s $1.85bn equivalent of bonds due in 2029.
It entered a cooperation agreement last week binding members to act in concert in potential debt discussions with the company.
Aston Martin has been contending with product delays, quality issues, weak demand in China and US tariffs.
While it had previously relied on equity injections to address its liquidity position, the carmaker disclosed in April that some shareholders had provided £50m ($67.5m) of debt to bolster its cash reserves.
That prompted creditors to band together, according to the sources, amid concern that the company could seek additional funding using provisions in its bond documentation that could leave them subordinated or otherwise disadvantaged.
Aston Martin is owned by a consortium of investors led by Canadian billionaire Lawrence Stroll.
Other shareholders include Geely founder Li Shufu, Saudi Arabia’s Public Investment Fund and Mercedes-Benz Group.
In April, Aston Martin reported a quarterly loss for the three months to 31 March 2026, as its debt burden increased and it secured additional funding support from Stroll’s Yew Tree Consortium.
First-quarter revenue rose 16% year-on-year to £270.4m ($365.2m), driven largely by higher “specials” volumes, including 102 Valhalla deliveries.
Net debt increased to £1.46bn at the end of March 2026, from £1.38bn at the end of 2025, reflecting lower cash balances and higher gross debt.
