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Victoria PLC Secures Refinancing to Strengthen Capital Structure and Support Growth

Story Highlights
  • Victoria PLC refinances debt with €612 million notes and a £130 million credit facility.
  • Refinancing provides liquidity for growth and strengthens Victoria’s capital structure.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Victoria PLC Secures Refinancing to Strengthen Capital Structure and Support Growth

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Victoria ( (GB:VCP) ) has issued an update.

Victoria PLC has successfully refinanced its near-term senior debt maturities, replacing them with €612 million of 9.875% Senior Secured Notes due July 2029 and a new £130 million super senior credit facility maturing in January 2030. This refinancing milestone provides additional liquidity for growth and margin improvement, extends the maturity runway for operational improvements, and strengthens the company’s capital structure, reflecting strong support from stakeholders. The board is optimistic about medium-term market recovery and is focused on rebuilding the company’s credit rating and generating cash to reduce leverage, aiming for significant EBITDA improvements.

The most recent analyst rating on (GB:VCP) stock is a Hold with a £83.00 price target. To see the full list of analyst forecasts on Victoria stock, see the GB:VCP Stock Forecast page.

Spark’s Take on GB:VCP Stock

According to Spark, TipRanks’ AI Analyst, GB:VCP is a Neutral.

Victoria’s overall stock score reflects significant financial challenges, with declining revenues and high leverage weighing heavily. However, positive corporate events, including successful refinancing efforts, provide a more optimistic outlook. Technical indicators suggest potential medium-term support, but valuation concerns persist due to negative profitability metrics.

To see Spark’s full report on GB:VCP stock, click here.

More about Victoria

Victoria PLC, established in 1895 and listed since 1963, is an international manufacturer and distributor of innovative flooring products. Headquartered in Worcester, UK, the company designs, manufactures, and distributes a range of products including carpet, flooring underlay, rugs, ceramic tiles, luxury vinyl tile (LVT), artificial grass, and flooring accessories. Victoria operates in the UK, Spain, Italy, Belgium, the Netherlands, Germany, Turkey, the USA, and Australia, employing approximately 5,350 people across more than 30 sites. It is Europe’s largest carpet manufacturer and the second largest in Australia, as well as the largest manufacturer of underlay in both regions.

Average Trading Volume: 440,419

Technical Sentiment Signal: Strong Sell

Current Market Cap: £83.52M

Find detailed analytics on VCP stock on TipRanks’ Stock Analysis page.

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