Mon 06/06/2022 13:40 PM
McLaren financial analysis from Reorg's
EMEA Core Credit team.
Relevant Documents:
Financial Report
Presentation
McLaren’s 7.5% senior secured 2026 notes have fallen about 16 points since the British sportscar group reported
first-quarter results on May 25, and are currently quoted at about 80.5 to yield 14%. Despite strong underlying demand, volumes are still well below pre-pandemic levels as the Surrey, England-based carmaker grappled with global supply chain issues and shipping...
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