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Aston Martin lenders threaten legal action over £550m HPS deal
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Under the terms of the transaction, Aston Martin would transfer 50.1 per cent of its non-automotive intellectual property to Authentic Brands, an American brand developer.
Aston Martin declined to comment.
On an earnings call last week, Doug Lafferty, chief financial officer of Aston Martin, said the financing deal was “important for the company as a whole”.
Aston Martin, which is majority-owned by Stroll, sold the permanent naming rights to its Formula One team earlier this year, raising £50 million.
The debt financing deal boosted pro-forma liquidity to £340 million from £145 million, the company said.