Aston Martin in Talks to Tackle $1.4 Billion Debt Pile (2)

Aston Martin Lagonda Global Holdings Plc shares rose after Executive Chairman Lawrence Stroll confirmed the loss-making British luxury car-maker is negotiating with bankers to address a looming debt pile of roughly $1.4 billion.

Talks are set to focus on a $1.1 billion bond that’s maturing in November next year. Its 10.5% coupon puts the company on the hook for payments of $120 million annually.

WATCH: Executive Chairman Stroll discusses demand for the new cars and how the company is studying ways to deal with a $1.4 billion debt pile.

Source: Bloomberg

“We are currently studying with our bankers the most appropriate actions of how to deal with it,” Stroll said in an interview with Bloomberg Television. “Obviously it will be addressed in the most appropriate manner ...