Wednesday, June 22, 2011

ASTON MARTIN HOLDINGS (UK) LIMITED ANNOUNCES SUCCESSFUL COMPLETION OF 304,000,000 SENIOR SECURED NOTE ISSUE


Tuesday 22nd June: Gaydon. Aston Martin Holdings (UK) Limited is pleased to announce the successful completion of its offering of 304,000,000 aggregate principal amount of Senior Secured Notes (the "Notes").The issue of the Notes will provide long-term financial stability for the next seven years and support Aston Martin's continued development. Dr Ulrich Bez, Chief Executive Officer of Aston Martin, commented: "Our successful bond issue represents a milestone and provides strong, long-term financial foundations for the company as we enter a new phase of growth."We have already demonstrated the strength of our brand and business model, as evidenced by last year's 36% rise in sales and 61% increase in EBITDA. The success of the bond issue highlights investor recognition of our capabilities and confidence in our strategy."We have a proven record of bringing cars to market very quickly with our flexibleVH architecture and highly efficient manufacturing capabilities. This, coupled with our globally renowned brand enabled Aston Martin to remain robust and resilient during the economic downturn."We now have long-term financing in place alongside our current product range and development pipeline, which are the strongest in our history. Our growth will be driven both by the continuing recovery in our traditional markets and the opening up of new markets. With our firm financial platform, we look forward to capitalising on the many opportunities ahead of us."Aston Martin is a modern, exclusive sports car brand with a unique heritage instantly recognised around the world. The luxury marque distinctively fuses the latest technology, time-honoured craftsmanship and graceful styling to produce a range of critically acclaimed performance sports cars that have elevated Aston Martin to a position as one of the world's coolest brands.

1 comment:

Blogger said...

eToro is the #1 forex trading platform for rookie and established traders.