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

J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the...
by - February 26, 2017
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 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