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.
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