Aston Martin Lagonda appoints Bentley's Adrian Hallmark as CEO
(Sharecast News) - Aston Martin Lagonda on Friday announced Bentley Motors boss Adrian Hallmark would join the luxury car maker as chief executive officer by October this year.
Read moreFri, 26th Jun 2020 07:04
(Sharecast News) - Aston Martin Lagonda on Friday announced Bentley Motors boss Adrian Hallmark would join the luxury car maker as chief executive officer by October this year.
Read more(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Friday revealed the name of the company's new leader, expected to commence in the role before the end of the year.
Read more(Alliance News) - Stock prices in London opened higher on Friday, after a busy week of interest rate decisions across the globe.
Read more(Alliance News) - Stocks in London closed in the red on Monday, as tech gains in New York failed to make an impact ahead of several interest rate decisions from central banks across the world this week.
Read more(Alliance News) - Stock prices in London were higher at midday Monday, as eyes were firmly on interest rate decisions across the globe.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:
Read moreAston Martin Lagonda Global Holdings PLC - Gaydon, England-based luxury sports car maker - Announces the successful pricing of a GBP1.15 billion refinancing exercise which says will further strengthen the company's financial position and support its long-term growth. Says subsidiary, Aston Martin Capital Holdings Ltd, priced USD960 million aggregate principal amount of 10.00% senior secured notes due 2029 and GBP400 million aggregate principal amount of 10.375% senior secured notes due 2029. In addition, states existing lenders have entered into a new super senior revolving credit facility agreement, which increases by around GBP70 million to GBP170 million. Aston Martin says this provides additional liquidity as it continues to accelerate its growth strategy. Settlement is expected on or around March 21. Proceeds will be used to redeem existing senior secured notes and second lien split coupon notes, and repay in full the borrowings under its existing revolving credit facility. Executive Chair Lawrence Stroll says the "successful pricing of this planned refinancing marks another significant step in transforming our balance sheet and aligning Aston Martin for a positive financial future". Stroll adds: "With Aston Martin's long-term financing now secured, we can focus on the continued execution of our brand and product strategy which will underpin the attainment of our near and medium-term financial targets."
Read moreAston Martin Lagonda Global Holdings PLC - Gaydon, England-based luxury sports car maker - Launches offer of GBP1.14 billion in five-year senior secured debt notes. Also enters new super senior revolving credit facility with its existing lenders, who have agreed to increase their commitment to GBP170 million from GBP100 million. Aston Martin says the proceeds from the note offer will be used to repay other notes, as well as all borrowings under its current RCF.
Read more(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning:
Read more(Sharecast News) - London's equity markets experienced a downturn by the close on Wednesday, largely influenced by underperforming stocks such as St James's Place and Reckitt Benckiser, following disappointing financial results.
Read more(Alliance News) - Aston Martin Lagonda Global Holdings PLC has pushed back plans for its first electric car by a year as the group revealed it remained heavily loss-making and missed already-lowered production targets.
Read more(Alliance News) - Aston Martin Lagonda Global Holdings PLC on Wednesday said it is on track to hit a key margin target after posting a narrowed annual loss and a modest fourth-quarter profit.
Read more(Alliance News) - Stock prices in London opened in the red on Wednesday, following some disappointing results from large-cap constituents, with the market awaiting key US data.
Read more(Alliance News) - Stocks in London are set to open flat on Wednesday, with investors awaiting US data which will inform expectations of the path of interest rates in the world's largest economy.
Read more(Sharecast News) - UK luxury carmaker Aston Martin Lagonda more than halved annual losses last year, driven by higher prices for its high-end vehicles.
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