July 2021
McLaren Group Announces the Pricing of $620 million Aggregate Principal Amount of 7.50% Senior Secured Notes due 2026

McLaren Group Limited (“MGL”) announced that its subsidiary, McLaren Finance plc (the "Issuer"), successfully priced $620 million aggregate principal amount of 7.50% senior secured notes due 2026 (the "Notes") at par. The offering of the Notes is expected to close on or around August 2, 2021. The proceeds from the offering of the Notes, together with the net proceeds contributed to McLaren Holdings Limited and its subsidiaries, including the Issuer, from the separately announced £550 million equity investment, will be used to redeem in full the Issuer's outstanding existing senior secured notes, repay the existing revolving credit facility, add cash to the balance sheet and pay fees, premiums and expenses incurred in connection with the foregoing transactions, including the offering of the Notes.

McLaren Group was supported in this transaction by Goldman Sachs International and HSBC as joint global coordinators and joint book runners and Global Leisure Partners as financial advisor.

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.

About McLaren Racing

McLaren Racing was founded by New Zealand racing driver Bruce McLaren in 1963. The team entered its first Formula 1 race in 1966, since when McLaren has won 20 Formula 1 world championships, more than 180 Formula 1 grands prix, the Le Mans 24 Hours at its first attempt and the Indianapolis 500 three times.

McLaren Racing currently competes in Formula 1 globally and INDYCAR in the US. The team will contest the 2021 FIA Formula 1 World Championship with Lando Norris and Daniel Ricciardo, and the INDYCAR Series with drivers Pato O’Ward and Felix Rosenqvist, who will both be joined by Juan Pablo Montoya for the 2021 Indianapolis 500.

Contacts:

Mark Harms
Chairman & Chief Executive Officer
Global Leisure Partners LLP
Tel: +44 (0) 20 7016 8065

Important Notice:

Global Leisure Partners LLP ("GLP") is authorised and regulated in the UK by the Financial Conduct Authority. Global Leisure Partners LLC, a subsidiary of GLP, is a broker-dealer registered in the US with the Securities and Exchange Commission and is a FINRA member firm. Global Leisure Capital Partners LLC ("GLCP"), a wholly-owned subsidiary of GLP, is the principal investment arm of GLP and registered with the SEC as an Investment Adviser. All rights reserved. GLP specifically prohibits the redistribution of this material and accepts no liability whatsoever for the actions of third parties in this respect.