LONDON: Aston Martin Lagonda Global Holdings PLC said Wednesday it has secured £550 million ($735.57 million) in new debt financing led by funds managed by BlackRock-owned HPS Investment Partners, strengthening liquidity at the loss-making luxury automaker.
The financing consists of a £450 million senior secured term loan and a £100 million delayed draw term loan, with an additional £100 million permitted debt incurrence capacity, according to a company statement.
The British company, known for its long association with the James Bond movie franchise, has been struggling with cash burn and falling sales amid U.S. tariffs and weak demand in China.
“This new £550 million debt financing significantly strengthens our liquidity, providing us with both additional resilience and further flexibility to execute our current and future product plans,” Chief Financial Officer Doug Lafferty said in the statement.
The 113-year-old automaker has been cutting costs in an effort to turn around its finances, including laying off about 600 workers, or a fifth of its workforce, and delaying investment in electric vehicle technology.
The company had also struck a deal to sell perpetual branding rights to its Formula One team, Bloomberg News reported.
With the initiatives in place, and supported by its portfolio of special models, Aston Martin expects its financials — including margin expansion and cash-flow generation — to improve.
Aston Martin said the financing would bolster its balance sheet and increase pro forma liquidity to about £340 million as of June 30.
The group’s half-year 2026 results are set to be published July 29.
