GLP Advises McLaren Group on Amendment and Consent Solicitation to its Senior Secured Notes Due 2022
McLaren Finance PLC (the “Issuer”) announced that it has received the requisite consents to approve the proposed amendments to the Senior Secured Notes, due 2022.
No consent fee will be made to the holders in connection with the consent solicitation.
GLP advised McLaren on the negotiation of the amendment with holders of the senior secured notes.
About McLaren Group
The McLaren Group is a British-based, globally renowned luxury automotive, motorsport and technology company
Founded in 1963 by racer, engineer and entrepreneur Bruce McLaren, the group is formed of three companies; McLaren Applied, which works at the intersection of technology and data to deliver quantifiable performance advantage to organisations; McLaren Automotive, which hand-builds lightweight supercars; and a majority stake in McLaren Racing which competes in the Formula 1 World Championship and INDYCAR in the US. In December 2020, the McLaren Group announced new investment in McLaren Racing from strategic sports investor, MSP Sports Capital
The McLaren Group has more than 3,000 employees and is globally headquartered at the iconic McLaren Technology Centre in Woking, Surrey, England.
With a reputation for innovation and technological excellence, McLaren is one of the UK’s largest independent companies.
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