Aston Martin Creditors Want to Avoid Drawing Short Straw in Next Rescue

Aston Martin bondholders including Arini, BlackRock and Sculptor, representing more than half of its senior secured notes, have entered a cooperation agreement and offered fresh funding to guard against a liability-management transaction that could subordinate existing creditors, after a £50 million shareholder-backed secured facility raised concerns over the carmaker’s £1.46 billion net debt, continuing losses and need for further cash injections.

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