Chicago, Feb. 25 – Victoria plc sold an upsized €500 million offering of 3 5/8% senior notes due 2026 (B1/BB-/BB), according to an announcement.
The deal was launched for €350 million.
The offer was more than 7x oversubscribed.
Proceeds will be used for general corporate purposes, in particular acquisitions and the refinancing of €250 million of principal amount of existing 2024 senior secured notes.
As previously reported, the notes are being sold with two years of call protection.
The issuer is a Kidderminster, U.K.-based flooring company.
| Issuer: | Victoria plc
|
| Issue: | Senior notes
|
| Amount: | €500 million
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| Maturity: | 2026
|
| Coupon: | 3 5/8%
|
| Call: | Two years
|
| Pricing date: | Feb. 25
|
| Settlement date: | March 5
|
| Ratings: | Moody’s: B1
|
| S&P: BB-
|
| Fitch: BB
|
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