United Kingdom racing team McLaren has raised funds and sold its Applied business division as part of a s…
United Kingdom racing team McLaren has raised funds and sold its Applied business division as part of a strategic restructuring.
Latham & Watkins acted on McLarenscirca GBP 447 million refinancing and GBP 550 million equity investment.
Goldman Sachs International and HSBC acted as the initial purchasers of senior secured notes and placement agents on McLarens raising of funds totalling USD 620 million (approximately GBP 447 million).
Latham & Watkins acted for Goldman Sachs International as well as various revolving credit facility banks on the senior secured notes offering.
McLaren also raised capital of GBP 400 millio…
Read the full article at: https://iclg.com/ibr/articles/16929-mclaren-set-for-more-profit-strategic-restructuring