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Aston Martin calls 9¼% senior secured notes, 10¼% PIK notes
New York, March 23 – Aston Martin Capital Ltd. will redeem its £304 million of 9¼% senior secured notes due 2018, and Aston Martin Holdings (UK) Ltd. will redeem its $165 million initial principal amount of 10¼% senior subordinated PIK notes due 2018, according to notices from the issuers.
The 9¼% notes will be repaid on April 22 at 102.3125% of par plus accrued interest up to but excluding the redemption date.
The 10¼% notes, which have $219,141,223 principal amount outstanding, will be redeemed on the same date at 102% of par plus accrued interest up to but excluding the redemption date.
Both calls are subject to enough funds being raised in a refinancing transaction to fund the redemption.
If the financing condition is not met by April 22, the redemption dates may be postponed by up to 60 days from March 23, the date of the redemption notices.
Aston Martin is a Gaydon, England-based custom car company.
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