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Bond Market News
Aston Martin’s Bonds Drop After Creditors Sign Cooperation Pact
July 9, 2026
– Amruth S
A group of Aston Martin’ creditors are said to have signed a formal cooperation pact amid the company’s financial and earnings pressure. The ad hoc group represents holders that control over 50% of its secured notes. The group is working with the law firm Akin Gump Strauss Hauer & Feld and has invited remaining noteholders to join the alliance. This follows a sharp decline in Aston Martin’s debt, which has dropped into distressed territory in recent times. Amid Aston Martin’s financial concerns, its CEO has initiated cost-cutting measures including job cuts and placing upcoming vehicle models under review. The company is also utilizing unique capital-raising strategies, including a recent deal selling future naming rights to their Formula One team.
Aston Martin’s GBP 10.375% 2029s fell by 5.9 points to trade at 70.5.
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