South Africa, Aug. 4 -- According to the Financial Times, creditors owed around £1.3bn have issued a "letter before action" to the British luxury carmaker's board, warning they could seek to unwind the financing arrangement and block the disposal of certain intellectual property assets.

The dispute centres on a £550m debt financing package secured in July and led by funds managed by BlackRock-owned HPS Investment Partners. The package includes a £450m secured term loan, a £100m delayed draw term loan and a separate £100m permitted debt incurrence facility.

The Financial Times reports that part of the agreement requires Aston Martin to transfer a 50.1% stake in its non-automotive intellectual property to US brand...