Victoria PLC New Long-Term Debt Finance (4763X)
April 30 2019 - 1:01AM
UK Regulatory
TIDMVCP
RNS Number : 4763X
Victoria PLC
30 April 2019
For Immediate Release 30 April 2019
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
Victoria PLC
('Victoria' or the 'Group')
New Long-Term Debt Finance
The Board of Victoria, the international designers,
manufacturers, and distributors of innovative flooring, is pleased
to announce that it has agreed new debt financing, which provides
the Group with committed long-term funding for five years to 2024
(the "Commitment") to replace the Group's existing EUR445m debt
facilities.
The Commitment has been provided by Credit Suisse, working
alongside the Group's existing banks, who continue to provide
funding to the business.
Geoff Wilding, Chairman of Victoria PLC, commented:
"We are pleased to have secured such an attractive new financing
commitment, which provides the Group with long-term financing
certainty and strategic flexibility to continue to execute its
growth strategy. The Board has been evaluating a number of
alternative debt finance proposals in recent months and has chosen
this option due to the improved combination of pricing, covenant
flexibility, duration, and access to additional funding to support
further growth."
For more information contact:
Victoria PLC
Geoff Wilding, Executive Chairman
Philippe Hamers, Group Chief Executive
Michael Scott, Group Finance Director +44 (0) 15 6274 9610
Cantor Fitzgerald Europe (Nomad and Joint Broker)
Rick Thompson, Phil Davies, Will Goode (Corporate Finance)
Caspar Shand-Kydd (Sales), Andrew Keith (Equity Sales) +44 (0) 20 7894 7000
Berenberg (Joint Broker)
Ben Wright, Mark Whitmore, Laura Fine (Corporate Broking) +44 (0) 20 3207 7800
Buchanan Communications
Charles Ryland, Vicky Hayns, Maddie Seacombe, Tilly Abraham +44 (0) 207 466 5000
The person responsible for arranging the release of this
information is Michael Scott Group Finance Director of the
Company.
This information is provided by RNS, the news service of the
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END
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