Aston Martin raises $277 mln via equity to cut debt

2023-08-01 - Scroll down for original article

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Aug 1 (Reuters) - Aston Martin (AML.L) said on Tuesday it has raised 216 million pounds ($277 million) in equity to cut down its expensive debt. The company offered 58.2 million new shares at 371 pence per share, representing a 6.2% discount to the stock's closing price on Monday. ($1 = 0.7798 pounds) Reporting by Yadarisa Shabong in Bengaluru; Editing by Savio D'Souza Our Standards: The Thomson Reuters Trust Principles.