Victoria PLC, a UK designer, manufacturer, and distributor of flooring, has announced that 97.3% of its outstanding 2026 senior secured notes have voted in favour of extending maturity until August 2029 on attractive terms. This transaction follows the recent successful refinancing announcement of its Super Senior Revolving Credit Facility last month.
Formal completion will take place upon expiry of the mandatory 20 US business day offer period later this month.
The refinancing is said to be an important milestone for the company and all its stakeholders. Alec Pratt, CFO, commented: “The strong support received from our 2026 SSN noteholders demonstrates confidence in Victoria’s credit and outlook. By delivering a comprehensive refinancing of our short-term maturities we have provided certainty for all of our stakeholders and established firm foundations from which to continue executing our cost-saving and strategic growth plans.”
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