Aston Martin has raised £135m through the successful private placement of senior secured notes to strengthen the group’s financial position.

The car manufacturer expects to use the net proceeds from the offering to repay the borrowings under its existing super senior revolving credit facility (RCF), to pay fees and expenses and for general corporate purposes.

Aston Martin chief financial officer, Doug Lafferty, said last week in the group’s first half results that it had made “positive progress” so far this year, to support volume growth and sustainable positive free cash flow generation later this year.

“Following positive feedback after the results from the capital markets with encouraging demand from the Company’s existing bond holders, we are pleased to announce today that we have successfully priced a £135m equivalent private placement,” Lafferty said.

“These new senior secured notes, along with the refinancing completed in March 2024, provide Aston Martin with additional liquidity as we continue an exciting second half of the year.”

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