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.
The package consists of a £450m senior secured term loan (SSTL) and a £100m delayed draw term loan.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
An additional £100m of permitted debt capacity – ranking junior to this financing – remains available to the carmaker.
Proceeds from the SSTL were used to repay the group’s fully drawn £170m super senior revolving credit facility (RCF).
They also covered the £20m outstanding under the £50m facility provided by members of the Yew Tree Consortium (the YTC Facility).
The remaining funds covered transaction costs, with the balance earmarked for general corporate purposes.
Both the RCF commitments and the YTC Facility were cancelled at closing.
The debt is secured against a portion of the group’s assets held within a newly incorporated subsidiary, alongside certain other group assets.
CFO Doug Lafferty said the “debt financing significantly strengthens our liquidity, providing us with both additional resilience and further flexibility to execute our current and future product plans”.
According to Aston Martin, the SSTL brings pro forma liquidity to roughly £340m as of 30 June 2026.
The carmaker maintained its expectation of year-on-year gains in financial performance.
It pointed to margin expansion and cash flow generation underpinned by its transformation programme, together with a strengthened product mix from forthcoming core and special models.
Aston Martin is set to publish its H1 2026 results on 29 July 2026.
The company posted a quarterly loss during the three months to 31 March.
Earlier this month, creditors to the company 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.
