LONDON -- Aston Martin stated it might must faucet into high-interest notes it was making an attempt to keep away from drawing down, even after a capital infusion of as much as 536 million kilos ($663 million) from a gaggle led by billionaire Lawrence Stroll.

The automaker doesn't have enough working capital primarily based on European Securities and Markets Authority guidelines as a result of the coronavirus has created "elevated and unquantifiable uncertainty" in its enterprise, Aston Martin stated.

That has made it unimaginable to give you a mannequin for a "affordable worse case draw back," the corporate stated.

Aston Martin, which has struggled with money movement and dealer-inventory back-ups since going public in 2018, had hoped that the fundraising accepted by shareholders on Monday would keep away from the necessity to search further cash. However the coronavirus disaster has added a stage of problem to the turnaround put in place with Stroll's arrival.

"Considering the proceeds of the capital increase, the corporate is of the opinion that...