REG - Victoria PLC - New £130m Super Senior Facility

VictoriaAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20250630:nRSd8647Oa&default-theme=true

RNS Number : 8647O  Victoria PLC  30 June 2025

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of MAR

 

Victoria PLC

('Victoria' or the 'Company')

 

Victoria Plc Announces New £130m Super Senior Facility and Progress on
Refinancing of Senior Secured Notes

 

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

 

 

For more information contact:

 

 Victoria PLC                                                              www.victoriaplc.com/investors-welcome

                                                                         (http://www.victoriaplc.com/investors-welcome)
 Geoff Wilding, Executive Chairman

                                                                         Via Walbrook PR
 Philippe Hamers, Group Chief Executive

 Alec Pratt, Chief Financial Officer Designate

 Singer Capital Markets (Nominated Adviser & Joint Broker)                 +44 (0)20 7496 3095

 Rick Thompson, Phil Davies, James Fischer

 Berenberg (Joint Broker)                                                  +44 (0)20 3207 7800

 Ben Wright, Harry Nicholas, Tom Ballard

 Walbrook PR (Joint Investor Relations)  +44 (0)20 7933 8780 or victoria@walbrookpr.com

                                       (mailto:victoria@walbrookpr.com)
 Paul McManus, Alice Woodings

                                         +44 (0)7980 541 893 / +44 (0)7407 804 654

 Edelman Smithfield (Joint Investor Relations)                             +44 (0)7970 174 252 or

 Alex Simmons                                                              alex.simmons@edelmansmithfield.com (mailto:alex.simmons@edelmansmithfield.com)

 

About Victoria PLC (www.victoriaplc.com (http://www.victoriaplc.com) )

 

Established in 1895 and listed since 1963 and on AIM since 2013 (VCP.L),
Victoria PLC, is an international manufacturer and distributor of innovative
flooring products. The Company, which is headquartered in Worcester, UK,
designs, manufactures and distributes a range of carpet, flooring underlay,
ceramic tiles, LVT (luxury vinyl tile), artificial grass and flooring
accessories.

 

Victoria has operations in the UK, Spain, Italy, Belgium, the
Netherlands, Germany, Turkey, the USA, and Australia and employs
approximately 5,350 people across more than 30 sites. Victoria is Europe's
largest carpet manufacturer and the second largest in Australia, as well as
the largest manufacturer of underlay in both regions.

 

The Company's strategy is designed to create value for its shareholders and is
focused on consistently increasing earnings and cash flow per share via
acquisitions and sustainable organic growth.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSEWESUEISEDM