Victoria revisits bond issue, shaken but not stirred

Flooring specialist Victoria plans to refinance through the offer of €330m (£300m) in secured notes. The Kidderminster-based business wants to fix its debt until 2024 to help it maintain operational flexibility and support the company’s long-term growth strategy. It said net proceeds will be used to repay existing bank debt and would not increase net debt. Last November Victoria threw out plans to raise €450m (£400m) in a bond issue after it was carpeted by investors. Shares in the floorcoverings business fell by 3... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
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