A group of bondholders have warned Aston Martin they may begin legal proceedings over its £550m financing arrangement with HPS Investment Partners, the Financial Times (FT) reported.
The British carmaker confirmed last month that it had agreed the funding package with BlackRock-owned private credit firm HPS.
The deal includes a £450m term loan and a separate £100m facility available for later drawdown.
The financing has been challenged by a group of existing creditors owed £1.3bn ($1.74bn), who say the structure places ******* ets beyond their reach and breaches conditions linked to Aston Martin's current debt.
According to the report, the bondholders have sent a "letter before action" to Aston Martin's board, warning that legal proceedings may follow.
#aston
The British carmaker confirmed last month that it had agreed the funding package with BlackRock-owned private credit firm HPS.
The deal includes a £450m term loan and a separate £100m facility available for later drawdown.
The financing has been challenged by a group of existing creditors owed £1.3bn ($1.74bn), who say the structure places ******* ets beyond their reach and breaches conditions linked to Aston Martin's current debt.
According to the report, the bondholders have sent a "letter before action" to Aston Martin's board, warning that legal proceedings may follow.
#aston
3 months ago
