Aston Martin sets investor calls for £1.1 billion equivalent two-part secured notes offering

By Abigail W. Adams

Portland, Me., March 1 – Aston Martin Lagonda Global Holdings plc intends to shop a £1.1 billion equivalent dual-currency offering of senior secured notes with fixed income investor calls scheduled from Monday until Wednesday, according to a market source.

The offering will include a dollar-denominated and a sterling-denominated tranche with a five- or seven-year duration.

Barclays, Goldman Sachs & Co. LLC and HSBC Securities (USA) Inc. were mandated as joint global coordinators arranging the investor calls with Goldman Sachs coordinating the dollar-denominated tranche and Barclays the sterling-denominated tranche.

Proceeds will be used to refinance the company’s 10½% senior secured notes due 2025 and 15% second-lien secured notes due 2026 and for general corporate purposes.

Aston Martin is a Gaydon, U.K.-based luxury car designer and manufacturer.

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