The circuit was given the rights to host the British round of the formula one world championship for the next 17 years from 2010, although a massive revamp is needed to bring the track and its facilities up to F1 standard.
'Donington Holdings Plc, the parent company of Donington Ventures Leisure Limited that operates the Donington Park motor racing circuit, has launched an offering of £135,000,000 aggregate principal amount of first priority senior secured notes due 2016,' said a statement from the circuit.
'The Notes are expected to be issued at a discount to the principal amount thereof. Purchasers of Notes will also be able to subscribe for warrants for no additional consideration.
'The offering of the Notes and the Warrants is being made solely by means of a confidential offering memorandum.
'The net proceeds of the offering of Notes, together with a concurrent offering of preference shares, will be used in large part to fund the redevelopment of Donington Park in preparation for the hosting of the F1 British grand prix in 2010.
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