UPDATE 1-Aston Martin says it is in talks for potential funding to boost liquidity

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- Luxury carmaker Aston Martin AML.L said on Friday it has ongoing discussions with potential financing providers, following a media report that it is in talks with lenders including BlackRock-owned BLK.N HPS Investment Partners.

Here are some details:

  • The company said it regularly considers its capital structure and strategic options and remains focused on ensuring enough liquidity to support its strategy.

  • Shares of London-listed Aston Martin were down 2.3% at 36.2 pence at 15:08 GMT.

  • The statement was in response to a Bloomberg News report earlier on Friday that said Aston Martin was in talks with lenders including HPS.

  • The report said the proposed financing would be backed by company assets transferred beyond the reach of existing creditors through a "drop-down" transaction.

  • HPS did not respond to a Reuters request for comment. It had declined to comment to Bloomberg News.

  • The carmaker has been struggling with cash burn and falling sales due to U.S. tariffs and weak demand in China. It posted another quarterly loss in April.

  • The same month, Aston Martin had turned to a consortium led by top shareholder Lawrence Stroll for a £50 million ($67.2 million) funding boost to take liquidity at the end of the March quarter to £230 million.

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