Aston Martin owner gets creditor backing for debt restructuring

Posted by on Jun 26th, 2013 and filed under Islamic Finance. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

Aston Martin's indebted majority owner has won the backing of sufficient creditors to proceed with a fresh debt restructuring plan – using the British luxury carmaker as collateral – ahead of a planned seven-year asset disposal program. Investment Dar's proposed restructuring received the minimum required backing of at

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least 13 per cent of creditors, but did not exceed the 56 per cent maximum that the company would allow.

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