Refinancing Transaction Update
Victoria PLC has announced a significant update regarding its refinancing transaction, confirming that over 90% of its outstanding €166.6 million 3.75% senior secured notes due March 2028 have supported the transaction. This high level of support allows the company to implement the refinancing via a consent solicitation, which is expected to be faster and less costly, benefiting all stakeholders.
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Confirmation that holders of over 90% of 2028 SSNs support the transaction, reducing the cost of implementation which will now be done via consent solicitation
Further to the recent announcements regarding its Refinancing Transaction, Victoria PLC (LSE: VCP), the international flooring group, is pleased to confirm that holders representing over 90% of its outstanding €166.6 million 3.75% senior secured notes due March 2028 (the "2028 SSNs") have acceded to the Transaction Support Agreement, meeting the necessary threshold required to implement it by way of a consent solicitation.
Geoff Wilding, Executive Chairman, said:
"Implementing the refinancing with the support of 90% of the bondholders is the optimal outcome due to the speed and lower cost of execution and therefore benefits all stakeholders."
Capitalised terms used but not defined in this announcement have the meanings given to them in the announcement dated 8 July 2026.
Victoria PLC is advised by Lazard & Co. Limited as financial adviser, Latham & Watkins LLP and Brown Rudnick LLP as legal advisers in connection with the Refinancing Transaction.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.