McLaren fights to secure 'urgent' funds

摘要

McLAREN HAS LAUNCHED legal action in a bid to resolve a dispute over an "urgent" round of refinancing. The British company, incorporating both the road car and Formula 1 division, says it has "fallen into severe and unexpected financial difficulty" due to the ongoing coronavirus pandemic. McLaren Holdings Ltd is seeking to secure capital by issuing a bond for more than ￡650 million against its factory in Woking, Surrey, and its collection of historic racing cars. But a group of investors claims these assets are already employed as security in a bond dating from 2017, so McLaren is taking legal action.