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Bond Market News
Major Creditors of Aston Martin Ally to Direct Restructuring
July 13, 2026
– Amruth S
Aston Martin’s major institutional creditors led by Arini Capital Management, BlackRock, and Sculptor Capital, signed a formal cooperation agreement to ensure they act in concert during capital negotiations. The three companies hold over 50% of the Aston Martin’s senior secured notes. The alliance comes amid fears that Aston Martin might exploit its loose bond documentation to secure new financing that could subordinate or dilute the standing of existing lenders. In a letter to management, the coalition offered to provide alternative fresh capital while opening up comprehensive talks regarding the company’s capital structure. Aston Martin has $2bn in net debt, including $1.85bn in bonds maturing in 2029. The company continues to face ongoing manufacturing delays, quality disruptions, and a sharp demand downturn in China.
Aston Martin’s GBP 10.375% 2029s traded stable at 73.8.
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