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McLaren Lines Up $620mn Bond After Raising $750mn from Investors; Upgraded to CCC+ by S&P

by Amruth Sundarkumar | Jul 20, 2021 | High Yield Bonds

British sports carmaker McLaren is planning to raise $620mn via a new bond issue in a bid to refinance existing bonds and boost its balance sheet. Bloomberg reported that unofficial indications are in the 8% yield range as per investors looking at the deal. This comes...

McLaren Lines Up $620mn Bond After Raising $750mn from Investors; Upgraded to CCC+ by S&P

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