Official: Aston Martin Secures Long-Term Financial Stability

Le Mans 24 Hours

Aston Martin is feeling a bit more financially comfortable these days due to the successful completion of its £304,000,000 offering known as Notes. This will boost the English automaker and their future production plans for the Aston Martin.

Aston Martin Holdings has announced the successful completion of its offering of £304,000,000 or roughly $486,351,591 of Senior Secured Notes, simply known as "Notes". The Notes will provide long-term financial stability for the next seven years and will support the English automaker quite well. Aston Martin's CEO, Dr. Ulrich Bez has stated that the bonds add long-term financial stability in building and producing new models that are currently undergoing development in the Gaydon plant.

Aston Martin was founded back in 1913 by Lionel Martin and Robert Bamford. The company got its trademark name from Lionel Martin racing the GWK and Calthorpe vehicles at Aston Hill. The first car to be named Aston Martin was created by Martin by fitting a four-cylinder Coventry-Simplex engine to the chassis of a 1908 Isotta-Fraschini. The brand was eventually taken over by Ford's Premier Automotive Group in 1994 and was bought by Prodrive chairman David Richards with his partners on March 12, 2007 for a "very reasonable sum" of £475,000,000 or $760,506,765.

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Aston Martin made its return to Le Mans 24 Hours race in 2009 and recently offered 150 limited units of the V12 Zagato that will carry a price tag of £330,000.

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