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New £130m Super Senior Facility

In brief · summary, not quotable

Victoria secures £130m Super Senior Facility to replace existing RCF due February 2026.

  • New Super Senior Facility £130m
  • Existing RCF maturity February 2026
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Victoria PLC, (LSE: VCP) the international designers, manufacturers, and distributors of innovative flooring, is pleased to announce that it has reached agreement on a new £130m Super Senior Facility.

This new facility will replace the Company's existing Super Senior Revolving Credit Facility (RCF) due in February 2026, representing a significant step forward in the Company's plan to strengthen its financial position and address its near-term debt maturities.

The new £130m facility combines both term loan and revolving credit elements and offers considerably enhanced flexibility compared to the existing RCF. The new facility has no maintenance covenants or drawing restrictions, and the entire facility will therefore be available to the Company upon satisfying certain funding conditions and completion of long-form documentation.

The Board is very pleased with the pricing, duration, and operational flexibility the new facility offers as it ensures Victoria is well-positioned to meet its future operational and financial objectives.

Discussions with regards to the upcoming Senior Secured Notes are well advanced and continue to progress positively. The Company expects to provide further updates shortly.

Victoria remains committed to executing its strategy to enhance shareholder value, and this new financing agreement represents a key milestone in that ongoing effort.

Victoria Plc is advised by Lazard & Co. Ltd as financial advisor and Latham & Watkins LLP as legal advisor in connection with the Group's refinancing.

The person responsible for arranging the release of this announcement

on behalf of the Company is Alec Pratt, Chief Financial Officer Designate

Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.

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