The issue of the Notes will provide long-term financial stability for the next seven years and support Aston Martin’s continued development.
Ulrich Bez, chief executive officer of Aston Martin, said: “Our successful bond issue represents a milestone and provides strong, long-term financial foundations for the company as we enter a new phase of growth.
“We have already demonstrated the strength of our brand and business model, as evidenced by last year’s 36 percent rise in sales and 61 percent increase in EBITDA. The success of the bond issue highlights investor recognition of our capabilities and confidence in our strategy.
“We have a proven record of bringing cars to market very quickly with our flexibleVH architecture and highly efficient manufacturing capabilities. This, coupled with our globally renowned brand enabled Aston Martin to remain robust and resilient during the economic downturn.
“We now have long-term financing in place alongside our current product range and development pipeline, which are the strongest in our history. Our growth will be driven both by the continuing recovery in our traditional markets and the opening up of new markets. With our firm financial platform, we look forward to capitalizing on the many opportunities ahead of us.”
Aston Martin is a modern, exclusive sports car brand with a unique heritage instantly recognized around the world.
The luxury marque distinctively fuses the latest technology, time-honored craftsmanship and graceful styling to produce a range of critically acclaimed performance sports cars that have elevated Aston Martin to a position as one of the world’s coolest brands.
Aston Martin Holdings (UK) Ltd. completes senior secured note issue
Publication Date:
Tue, 2011-06-28 22:30
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