Latham Advises on £152 Million Placing by Aston Martin

London capital markets team advises bookrunners on placing by luxury carmaker.

June 29, 2020

Latham & Watkins advised the joint global coordinators and joint bookrunners on a £152 million cash box placing by Aston Martin Lagonda Global Holdings plc (Aston Martin), the iconic luxury British sports car manufacturer.

The net proceeds of the placing and other financing transactions are designed to provide Aston Martin with the required additional flexibility to successfully emerge from the extended COVID-19 lockdown.

Latham’s team was led by London corporate partner Chris Horton with associates Anna Ngo, Sean Meehan, Frederick Gardner and Tom Channing. Partner Ryan Benedict and associate Sarah Youssefi advised on US securities law matters.  Latham’s high yield team also advised the placement agents in 2019 on the structuring of the delayed draw high yield notes to be issued by Aston Martin.

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