Victoria announced the successful refinancing of its near-term debt maturities on Wednesday, replacing them with €612m of 9.875% senior secured notes due July 2029 and a new £130m super senior credit facility maturing in January 2030.
Victoria
27 August 2025 12:28:37
Source: Sharecast
The AIM-traded flooring company said the refinancing provided a “long-term solution” to its capital structure, extended its maturity profile and released liquidity for growth investment and margin improvement initiatives.
It added that the transaction gave it time to implement operational measures expected to deliver £70m in annual EBITDA improvements once completed.
Victoria said it was confident in a medium-term recovery in both volume and pricing across its end markets, with near-term priorities focused on rebuilding its credit rating, generating cash to reduce debt and delivering the operational initiatives outlined at its full-year results.
At 1154 BST, shares in Victoria were down 3.28% at 70.7p.
Halifax is not responsible for the content and accuracy of the Markets News articles. We may not share the views of the author. Understand the risks, please remember the value of your investment can go down as well as up and you may not get back the full amount you invest. We don't provide advice so if you are in any doubt about buying and selling shares or making your own investment decisions we recommend you seek advice from a suitably qualified Financial Advisor. Past performance is not a guide to future performance.
