McLaren arranges $185 million financing facility with Bahraini bank


FILE PHOTO: The logo of car manufacturer McLaren is seen at a showroom in the Glattpark district in Opfikon, Switzerland October 2, 2018. REUTERS/Arnd Wiegmann

DUBAI (Reuters) - British supercar manufacturer McLaren Group, which includes the Formula One team, has arranged a 150 million pound ($185.2 million) financing facility with the National Bank of Bahrain (NBB) , the Gulf bank said on Monday.

The COVID-19 pandemic has hit the company hard, with sales plunging during a factory shutdown. It announced 1,200 redundancies in May. [nL4N2D82MZ

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