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Morning briefing: New City High Yield exits Aston Martin after debt refinancing
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Morning briefing: New City High Yield exits Aston Martin after debt refinancing
New City High Yield Fund (NCYF) fund manager Ian “Franco” Francis said he and co-manager Darren Toner sold Aston Martin’s 10.375% 2029 bond after a controversial £550m debt financing in July by BlackRock’s private credit subsidiary HPS Investment Partners altered the debt’s asset backing. The Financial Times reported last month that bond holders were considering […]
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