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 London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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