Aston Martin Completes $98.5 Million Additional Notes Offering
03.04.21
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Simpson Thacher represented Aston Martin in connection with an offering of $98.5 million in aggregate principal amount of 10.5% Senior Secured Notes due 2025. The notes were issued as additional notes under the indenture governing Aston Martin’s existing $1,085.5 million in aggregate principal amount of 10.5% Senior Secured Notes due 2025. The net proceeds of the offering will be used for general corporate purposes.
Aston Martin is a globally recognized luxury brand and a leader in the high-luxury sports car market. Founded in London in 1913, Aston Martin has a long tradition of exceptional design, engineering and manufacturing of high-luxury sports cars as well as a longstanding racing pedigree. For more than 100 years, Aston Martin has been internationally recognized for its elegant and sophisticated British style, having built approximately 100,000 cars, from the iconic DB5 seen in the 1964 James Bond film Goldfinger, to the newest models, the award-winning DB11, Vantage, DBS Superleggera and DBX and a variety of special edition models.
The Simpson Thacher team included Gil J. Strauss, Pieter Lavens and Dominik Juster (Capital Markets); Antti Pesonen, George Dyesmith and Emma Lynam (Credit); Yash Rupal, Meredith B. Jones, Gal Shemer and Ellie Verran (Tax); and Jonathan Pall (U.S. Collateral).