NOT FOR
RELEASE, PUBLICATION OR DISTRIBUTION,
DIRECTLY
OR INDIRECTLY, IN OR INTO THE UNITED STATES
OF
AMERICA, CANADA, JAPAN OR AUSTRALIA
11 March 2024
Aston
Martin Lagonda Global Holdings plc
("Aston
Martin Lagonda", the "Company" or the "Group")
Launch of Notes Offering and New Revolving Credit Facility by its
Subsidiaries
Aston Martin
Lagonda Global Holdings plc (the "Company") announces that its
subsidiary, Aston Martin Capital Holdings Limited
(the "Issuer"), is today launching an offering of
£1,140 million (equivalent) aggregate principal amount of senior
secured notes due 2029 (the "Notes").
The Company further announces that the issuer has
agreed with certain of its existing lenders to enter into a new
super senior revolving credit facility agreement, pursuant to which
the lenders have agreed to increase their binding commitments by
circa £70 million to £170 million, subject to consummation of the
Notes offering.
If completed, the proceeds from the
offering of the Notes, together with cash on balance sheet, will be
used to redeem in full the Issuer's existing senior secured notes
and second lien split coupon notes, to repay in full the borrowings
under its existing revolving credit facility and to pay expenses
and fees in connection with the transactions.
In connection with the launch, the
Company has today published on its website
its Financial Statements for the financial year ended 31 December
2023 which can be downloaded in pdf format at
www.astonmartinlagonda.com/investors/results-and-presentations.
The full Annual Report and
Accounts for the financial year ended 31 December 2023 is expected
to be published on 8 April 2024.
This announcement contains inside
information within the meaning of Article 7(1) of the EU Market
Abuse Regulation No. 596/2016 as it forms
part of UK law by virtue of the European Union (Withdrawal) Act
2018. The person responsible for releasing this announcement on
behalf of the Company is Liz Miles, Company Secretary.
Enquiries
Investors and
Analysts
James
Arnold
Head of Investor Relations +44 (0) 7385 222347
james.arnold@astonmartin.com
Ella
South
Investor Relations Analyst +44 (0)
7776 545420
ella.south@astonmartin.com
Media
Kevin
Watters
Director of Communications +44 (0) 7764 386683
kevin.watters@astonmartin.com
Paul
Garbett
Head of Corporate and
+44 (0) 7501 380799
Brand Communications
paul.garbett@astonmartin.com
Cautionary Statement
The Notes will be offered only to
qualified institutional buyers pursuant to Rule 144A and to
non-U.S. persons outside the United States pursuant to Regulation S
under the U.S. Securities Act of 1933, as amended (the "Securities
Act"), subject to prevailing market and other conditions. There is
no assurance that the offering will be completed or, if completed,
as to the terms on which it is completed. The Notes to be offered
have not been and will not be registered under the Securities Act
or the securities laws of any other jurisdiction and may not be
offered or sold, directly or indirectly, in the United States or to
or for the account or benefit of U.S. persons, as such term is
defined in Regulation S of the Securities Act, absent registration
or unless pursuant to an applicable exemption from the registration
requirements of the Securities Act and any other applicable
securities laws. This press release does not constitute an offer to
sell or the solicitation of an offer to buy the Notes, nor shall it
constitute an offer, solicitation or sale in any jurisdiction in
which such offer, solicitation or sale would be
unlawful.
The Notes are not intended to be
offered, sold or otherwise made available to, and should not be
offered, sold or otherwise made available to, any retail investor
in the European Economic Area ("EEA") or in the United Kingdom. For
these purposes, a "retail investor" in the EEA means a person who
is one (or more) of: (i) a "retail client" as defined in point (11)
of Article 4(1) of Directive 2014/65/EU (as amended, "MiFID II"),
(ii) a customer within the meaning of Directive (EU) 2016/97 (as
amended, the "Insurance Distribution Directive"), where that
customer would not qualify as a professional client as defined in
point (10) of Article 4(1) of MiFID II or (iii) not a "qualified
investor" as defined in Regulation (EU) 2017/1129 (as amended, the
"Prospectus Regulation"). A "retail investor" in the UK means a
person who is one (or more) of: (i) a "retail client" as defined in
point (8) of Article 2 of Regulation (EU) No 2017/565 as it forms
part of UK domestic law by virtue of the European Union
(Withdrawal) Act 2018 ("EUWA"), (ii) a customer within the meaning
of the provisions of the Financial Services and Markets Act 2000
(as amended, "FSMA") and any rules or regulations made under the
FSMA to implement the Insurance Distribution Directive, where that
customer would not qualify as a professional client as defined in
point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it
forms part of UK domestic law by virtue of the EUWA or (iii) not a
"qualified investor" as defined in Article 2 of the Prospectus
Regulation, as it forms part of UK domestic law by virtue of the
EUWA (the "UK Prospectus Regulation").
This announcement does not
constitute and shall not, in any circumstances, constitute a public
offering nor an invitation to the public in connection with any
offer within the meaning of the Prospectus Regulation
and the UK Prospectus Regulation. The offer and
sale of the Notes will be made pursuant to an exemption under the
Prospectus Regulation and the UK Prospectus Regulation from the
requirement to produce a prospectus for offers of
securities.
The manufacturer target market
(MIFID II product governance and UK MiFIR product governance) is
eligible counterparties and professional clients only (all
distribution channels). No PRIIPs or UK PRIIPs key information
document (KID) has been prepared as the Notes are not available to
retail clients in the EEA or in the United Kingdom.
This communication does not
constitute an offer of securities to the public in the United
Kingdom and is being distributed only to, and is directed only at
persons who are "qualified investors" (as defined in the UK
Prospectus Regulation) who are (i) persons having professional
experience in matters relating to investments falling within
Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended, the "Order"), or (ii)
high net worth entities falling within Article 49(2)(a) to (d) of
the Order, or (iii) outside the United Kingdom; or (iv) persons to
whom it would otherwise be lawful to distribute it, all such
persons together being referred to as "Relevant Persons"). In the
UK, any investment or investment activity to which this
communication relates is available only to Relevant Persons and
will be engaged in only with Relevant Persons. Any person who is
not a Relevant Person should not act or rely on this communication
or any of its contents.
Forward-Looking Statements
This press release may include
forward-looking statements. These forward-looking statements can be
identified by the use of forward-looking terminology, including the
terms "believes," "estimates," "anticipates," "expects," "intends,"
"may," "will" or "should" or, in each case, their negative, or
other variations or comparable terminology. These forward-looking
statements include all matters that are not historical facts and
include statements regarding the Issuer's or its affiliates'
intentions, beliefs or current expectations concerning, among other
things, the Issuer's or its affiliates' results of operations,
financial condition, liquidity, prospects, growth, strategies and
the industries in which they operate. By their nature,
forward-looking statements involve risks and uncertainties because
they relate to events and depend on circumstances that may or may
not occur in the future. Readers are cautioned that forward-looking
statements are not guarantees of future performance and that the
Issuer's or its affiliates' actual results of operations, financial
condition and liquidity, and the development of the industries in
which they operate may differ materially from those made in or
suggested by the forward-looking statements contained in this press
release. In addition, even if the Issuer's or its affiliates'
results of operations, financial condition and liquidity, and the
development of the industries in which they operate are consistent
with the forward-looking statements contained in this press
release, those results or developments may not be indicative of
results or developments in subsequent periods.