Aston Martin Secures $735 Million Lifeline After Seven Bankruptcies

Aston Martin has hit another financial speed bump, but a fresh $735 million cash injection is keeping the luxury carmaker on the road. The British icon, which has filed for bankruptcy seven times in its history, just secured £550 million in new debt financing led by HPS Investment Partners.

The deal includes a £450 million secured term loan and a £100 million delayed draw term loan, plus an additional £100 million in permitted debt capacity.

The money is already being put to work. Aston Martin says it’s using £170 million to pay off its super senior revolving credit facility and another £20 million drawn from a facility backed by the Yew Tree Consortium, led by billionaire co-owner Lawrence Stroll. Chief financial officer Doug Lafferty called the financing a major boost to liquidity, giving the company “additional resilience and flexibility” to push ahead with current and future product plans.

The firm expects stronger year-on-year financial performance, improved cash flow, and better margins, driven by a mix of core and special models.

This cash infusion comes just months after reports that Chinese automaker Geely might be circling the brand. Geely already owns Lotus and the London Electric Vehicle Company, and its founder, Li Shufu, has a well-known taste for British cars. 3 billion IPO price, making it a tempting target.

Whether investors and owners would welcome Geely’s influence remains an open question, but for now, the company has bought itself time to steer toward a turnaround.