Together with, among others, Latham & Watkins and Brown Rudnick, Houthoff advised Victoria plc. The team, led by Jeroen Vossenberg, consisted of Jessica Terpstra, Paul de Vries, Sylvia Dikmans, Paul Sluijter, Philippe Stille, Joost den Hollander, Lisanne Haarman, Nine Vader, Bob Wanders, Casper Kool, Marijn van Horen, Jasper Dekens, Alexandra van Snippenberg, Thomas Boekhout, and Derk von Saher.
Victoria plc completes successful financial restructuring
The listed British flooring manufacturer Victoria plc has successfully restructured its debt. The company, with 6,300 employees and operations in several European countries, the United States, and Australia, is issuing new bonds as part of the restructuring, amounting to €612 million in 9.875% senior secured notes maturing in July 2029. In addition, Victoria has entered a new £130 million credit facility with Arini Capital. Thanks to the new capital structure, Victoria has additional liquidity available to invest in growth and margin improvement.
