Published on 11/29/2017 in the Prospect News High Yield Daily.
New Issue: Aston Martin prices £55 million tap of 5¾% notes due 2022 at 104.5
By Paul A. Harris
Portland, Ore., Nov. 29 – Aston Martin Capital Holdings Ltd. announced in a Wednesday press release that it privately placed a £55 million add-on to its 5¾% senior secured notes due April 15, 2022 at a reoffer price of 104.5.
The Gaydon, England-based automobile manufacturer plans to use the proceeds to fund the acquisition of AM Brands Ltd., a company owned by shareholders of Aston Martin.
| Issuer: | Aston Martin Capital Holdings Ltd.
|
| Amount: | £55 million
|
| Maturity: | April 15, 2022
|
| Security description: | Add-on to 5¾% senior secured notes due April 15, 2022
|
| Coupon: | 5¾%
|
| Price: | 104.5
|
| Announcement date: | Nov. 29
|
| Distribution: | Regulation S
|
| Original issue: | £230 million priced at par on March 31, 2017
|
| Fungibility: | Add-on notes will become fungible with original notes
|
| Total issue size: | £285 million
|
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