Commentary & Deal Flow

Aston Martin Capital Holdings Ltd (ASTONM) USD (GBP70m equivalent) 144A/Reg S add-on to its 10.50% sr sec 1st lien notes due 11/30/25 (4.75y). NC3.75 (11/01/24) (MWC T+50bp) then at 100. Equity claw: 3.75y (11/01/24) 40% at 110.50. Existing Caa1/CCC. Via JPM (B&D)/Barc jt glocos and jt physical books/CS/DB/HSBC joint books. No reg rights. NY law. List ISE. Interest pay May 01 and Nov 01, starting 05/01/21. Settles T+5. 144A CUSIP: 04625HAG4. Immediately 144A fungible with the USD1.085bn issue priced 10/30/30. Global investor call at 2pm UKT, 9am NYT today. Pricing today. UOP: GCP, including working capital and capex. Biz: luxury sports car manufacturer. HQ: Gaydon, UK.