RAMROD 117,007 Posted September 11, 2020 Share Posted September 11, 2020 McLaren Group is considering a sale of its global headquarters as part of a refinancing strategy the company announced earlier this year. The British supercar maker has also appointed banks to advise on a debt restructuring and equity raise to buttress its balance sheet, it said in a statement Thursday. Its headquarters is in Woking, on the southwestern edge of London. McLaren has struggled since the coronavirus outbreak. A 300 million-pound ($389 million) equity raise early this year hasn’t been enough to face an almost 70% revenue collapse throughout the pandemic. Full article: https://www.bloomberg.com/amp/news/articles/2020-09-10/mclaren-mulls-sale-of-global-headquarters-to-help-fix-finances?__twitter_impression=true (ﾉ◕ヮ◕)ﾉ✧*:･ﾟ ᶠʳᵒⁿᵗ ᵗᵒʷᵃʳᵈ ᵉⁿᵉᵐʸ (*´艸｀*) ♡♡♡ Link to post Share on other sites More sharing options...
TasteLikeWhiskey 1,561 Posted September 11, 2020 Share Posted September 11, 2020 More and more car manufacturers will follow suit in due time. With the equity markets and the interest rates being what they are at the moment, it is difficult to see how these massive debt restructurings can be afforded. I would never die for my beliefs because I might be wrong Link to post Share on other sites More sharing options...
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