Flooring firm bids for major acquisitions warchest

Victoria, the Kidderminster-based floorings firm, is hoping to raise €350m through a bond issue.

The company says it will use the cash for acquisitions and the partial refinancing of existing 2024 senior secured notes to improve the maturity profile of the group’s debt.

The move follows a £175m cash injection from Koch Equity Development last November.

Meanwhile, Victoria says that its EBITDA for the 12 months ended December 2020 was £120m – above that for the last financial year to March 2020, despite the inclusion of the April to June Covid-19 lockdowns.