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.

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Topics: aston martin

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