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.'
Aston Martin Holdings has announced the completion of its £304,000,000 aggregate principal amount of Senior Secured Notes.
Issuing the Notes will provide long-term financial stability for the next seven years, supporting 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 flexible VH 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."Published 22 June 2011