Aston Martin Completes Unmodified Dutch Tender Offer
10.12.22
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Simpson Thacher represented Aston Martin in connection with an unmodified Dutch tender offer for its outstanding Regulation S 10.5% Senior Secured Notes due 2025 (“Senior Secured Notes”) and 15% Second Lien Split Coupon Notes due 2026 (“Second Lien Notes”). A total of $200 million of the aggregate principal amount of the Senior Secured Notes and Second Lien Notes were repurchased by the issuer. The cash tender offer settled on October 11, 2022.
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, John Lim and Julia Szinovatz (Capital Markets).