McLaren secures $270 million loan – report

McLaren has secured a £150 million (AU$270 million) loan this week, easing the British supercar maker’s financial pressures after months of uncertainty about its future. As reported by news agency Reuters, McLaren was able to secure the funding in a loan from the National Bank of Bahrain. The report notes Mumtalakat Holding Co. – a majority shareholder in McLaren – is a Bahrain-owned sovereign wealth fund.

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