by Amruth Sundarkumar | Oct 25, 2022 | Corporates, Credit Ratings
Aston Martin has been upgraded to CCC+ from CCC following the completion of its $184mn debt buyback and increase in cash balances by £653mn ($738.3mn) from equity financing. Using the cash proceeds, the English car manufacturer has also repaid £68.5mn ($77.4) of cash...
by Amruth Sundarkumar | Sep 6, 2022 | Corporates, Global
UK-based car maker Aston Martin is set to raise £575.8mn ($660mn) via a rights issue. Saudi’s wealth fund i.e., the PIF and other major investors have supported the issue. The rights issue will be done at a 4:1 ratio (four shares for each existing stock) at 103...
by bondevalue | Feb 26, 2021 | High Yield Bonds
British sports carmaker Aston Martin saw revenues drop 38% with retail sales falling 32% YoY to 4,150 from 6136 vehicles and wholesale sales falling 42% YoY to 3,394 from 5,862 vehicles due to the impact of the pandemic and the company’s deliberate actions to...
