Investment Dar Co., the Kuwait-based owner of half of Aston Martin Lagonda Ltd., and the coordinating committee of its creditors agreed to a revised plan to restructure the company’s debt.
“The Enhanced Supplementary Plan contains revised facilities under which full repayment with profit will take place over a 6- to 8-year period," Investment Dar and the committee said in an e-mailed statement today.
Investment Dar will pay 405 million dinars of debt in three to four years with an 11 percent profit rate a year, according to the statement. Of that 11 percent, 5 percent will be paid in cash and the rest ‘‘payment in kind.’’ The remaining 600 million dinars will be paid between years 4 to 8, the statement said.
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