Global Leisure Partners LLP
20 Balderton Street, London, W1K 6TL, United Kingdom
Tel: +44 (0) 20 7016 8050, Fax: +44 (0) 20 7016 8060
Email: info@glp.uk.com
Web: www.globalleisurepartners.com
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News

July 2020
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.

 

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.
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