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Victoria close to agreeing uptier deal with 2026 bondholders

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Victoria close to agreeing uptier deal with 2026 bondholders

Will Macadam's avatar
Denitsa Stoyanova, CFA's avatar
  1. Will Macadam
  2. +Denitsa Stoyanova, CFA
•3 min read

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Victoria PLC is finalising a deal to uptier bonds maturing in August next year, with an announcement expected as early as next week, according to 9fin sources.

The UK-based carpet maker is in the process of getting lock-up agreements in place with holders of its €500m SSNs due August 2026 that would push back the maturity of the bond while also uptiering the 2026 notes against the company’s €250m SSNs due 2028, the sources said.

Victoria PLC’s refinancing deal is understood to have “very strong support” from its creditors, the sources added.

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