SOME MORE DEBT SIR ?
SOME MORE DEBT SIR ?
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Jon39

Original Poster:

14,930 posts

173 months

Thursday 27th March 2014
quotequote all

It is in the newspaper, so it must (might) be true.

Can anyone remember how much the existing debt (bond) is, and when it is repayable ?

http://www.birminghampost.co.uk/business/manufactu...




downr

3,807 posts

158 months

Thursday 27th March 2014
quotequote all
£300m iirc, also maturing in 2018

I guess by then the £500m investment plan should have borne some fruit enabling the whole lot will to be rolled over for another 5 years (fingers crossed)

Jon39

Original Poster:

14,930 posts

173 months

Thursday 27th March 2014
quotequote all


The linked newspaper article might be worth reading, just for their ideas about the AML new model strategy.
I closed my eyes when they suggested, 'piggy back on platforms for its SLK and SL roadsters'.


Thank you downr.

Even if you say it quickly, #500 million seems a frightening total amount for a modest sized, unprofitable business.
Interest at the level of 10.25% per annum deferred, will further increase the debt.

Does anyone know whether the 2013 AML accounts been announced yet?