DUBAI — British supercar maker McLaren Team, which includes its Method One particular staff, has organized a one hundred fifty million pound ($185.two million) financing facility with the National Financial institution of Bahrain (NBB), the Gulf lender mentioned on Monday.
The COVID-19 pandemic has strike the business difficult, with gross sales plunging for the duration of a manufacturing facility shutdown. It announced 1,200 layoffs in Might.
“Final documentation has been signed and all the required approvals have been granted in relation to a … one hundred fifty million (pound) financing facility,” NBB mentioned.
Bahrain sovereign wealth fund Mumtalakat Holding Co