Aston Martin Noteholders Holding Over 50% of Secured Debt Form Cooperation Pact
Updated
Updated · Bloomberg · Jul 8
Aston Martin Noteholders Holding Over 50% of Secured Debt Form Cooperation Pact
1 articles · Updated · Bloomberg · Jul 8
Summary
More than 50% of Aston Martin’s senior secured noteholders have signed a cooperation pact, creating an ad hoc creditor group as pressure builds on the carmaker’s debt.
Earnings strain is weighing on Aston Martin’s bonds, prompting creditors to coordinate their position through the pact.
Akin Gump Strauss Hauer & Feld is advising the group, whose spokesperson said participation remains open to all secured noteholders.
The move signals creditors are organizing early around any potential debt talks as financial stress deepens at the luxury carmaker.