Aston Martin strikes £550mn debt deal despite creditor objections

Aston Martin has completed a £550 million financing with BlackRock-owned HPS, secured partly against assets placed in a new subsidiary, despite objections from a creditor group holding about 67% of its senior secured notes that alleged the transaction breached existing debt terms and disadvantaged lenders as the loss-making carmaker grapples with more than £1.5 billion of debt.

More from The Financial Times (subscription required).