Aston Martin bondholders hire Jefferies as advisor over debt concerns

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1. 1Bloomberg, citing anonymous sources, reported that Aston Martin's (AML.L) bondholders have appointed Jefferies as financial advisor amid debt concerns.
2. 2Funds led by Arini Capital, BlackRock (BLK), and Sculptor Capital have hired the bank out of concern that the company will pursue debt transactions that further disadvantage the bondholders.
3. 3The bondholders hold a majority of the $1.85 billion in bonds maturing in 2029 and signed a cooperation agreement last week to mount a joint response.

Source Bloomberg +1 · View original ↗

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