Aston Martin has declared bankruptcy seven times in its history and is in the midst of another financial crunch. However, there’s good news for investors and owners of the brand’s models, as it’s secured £550 million, or $735 million, in new debt financing, just when it seemed things were getting really hard for the firm.

 

The new financing deal is led by HPS Investment Partners and includes a £450 million ($602 million) secured term loan and a £100 million ($133 million) delayed draw term loan. It has also been granted a £100 million ($133 million) permitted debt incurrence capacity.