At Aston Martin, high interest rates are nothing new.
Today the firm carries a net debt burden of around £1 billion. As an example, it famously made headlines in 2019 when it had to borrow £120 million back at an interest rate of 12%, such was its precarious position. As a result, a debt-rating agency labelled its shares as a “junk” investment.
Since then, Lawrence Stroll and his band of high net worth investors have come in and (arguably, and from a very low base) shored up the firm, if not entirely its finances.