Aston Martin has completed a £304 million bond issue

Article by Christian A., on June 22, 2011

Aston Martin Holdings (UK) Limited has completed its offering of Senior Secured Notes with aggregate principal amount of £304,000,000, which will give long-term financial stability to the company for the next seven years.

These notes will also help support the company's continued development. Chief Executive Officer Dr Ulrich Bez stated that the successful issuance of bond reflects a milestone for the company.

It also provides the long-term and strong financial foundation that the company needs as it enters into a new phase of growth. He added that the company has already demonstrated the strength of its business model and brand, as reflected by the 36% increase in sales and 61% rise in EBITDA last year.

Furthermore, he said that the success of the bond issuance highlights the fact that investors recognize the company's capabilities and their confidence in the company's strategy.

The company has a track record of bringing vehicles to market very quickly with its flexible VH architecture and highly efficient manufacturing capabilities, the CEO further revealed. This, coupled with the company's globally renowned brand enabled Aston Martin to remain resilient and robust during the economic downturn, Bez stated.

He continued to add that the company's development pipeline and current product range are the "strongest" in its history.

The company's growth will be brought about by the continuing recovery of its traditional markets as well as the emerging markets, Bez stated. He added that with the company's firm financial plan, it looks forward to investing on the many opportunities that it has yet to meet.

Topics: aston martin

If you liked the article, share on:

Comments

Recommended

In 2014, Jaguar Land Rover’s Special Vehicle Operations revealed the F-Type Project 7. At that time, it was said to be the fastest accelerating road car carrying a 5.0-liter Supercharged...
by - May 29, 2017
There is an ongoing rumor going around the automotive community, and it’s aimed at BMW. The rumor? The German marque has reportedly axed the i5 Electric vehicle concept. These supposed...
by - May 29, 2017
Volkswagen's yearly Worthersee affair that happens in Austria is considered a hotbed for all types of cars from the German company's long and renowned history. Most of the gathering features...
by - May 29, 2017
Behold, the Rolls-Royce Sweptail! The Sweptail is probably the biggest two-seater car that has ever been built. It may look odd at first glance, and you may not be fond...
by - May 29, 2017
BMW just keeps on getting bigger and bigger, in terms of their lineup I mean. Just after unveiling the 8 Series Concept, they are now teasing us with an M8...
by - May 29, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries