Aston Martin Secures £550m Loan Deal Amid Industry Skepticism Aston Martin, struggling to stay afloat in an increasingly competitive market, has secured a £550m loan deal that is being hailed as a lifeline by some and questioned by others.
The luxury car maker's recent net losses soared by over 50% to £493. 2m last year, prompting the company to cut around 600 jobs in March.
The loan deal, managed by HPS Investment, includes a £450m senior secured term loan and a £100m delayed draw term loan that allows for funding to be drawn at specific points in time.