Victoria’s £300m bond issue is three times oversubscribed
Flooring group Victoria can put its previous aborted bond issue firmly in the past after its €330m (£300m) offer was three times over-subscribed on Friday.
The stock market-listed business expects to issue the bond notes this week, which will result in it having £80m in cash.
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 ... 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...