Aston Martin - comment

We have been expecting Aston Martin (AML) to refinance its debt stack in 2024, and the company is moving towards that. We do not expect AML to rush the refinancing but expect some movement later in the year. AML is only beginning to generate cash and delever, but the on-balance sheet cash and the presence of Geely as a shareholder and potential buyer of the business will help shore up demand. The company will want to refinance the second liens alongside the SSNs. The SSNs will be callable at par from 1/11/24, with the second liens callable 104 (currently 108). The SSNs and second liens are trading around the call price.

https://finance.yahoo.com/news/aston-martin-talks-tackle-1-180011515.html