Question 1

What sale did Victoria complete on 14 July 2026?

Accepted Answer

Victoria completed a €34.4m sale‑and‑leaseback of its Belgian distribution centre to Avantage Property Holding BV; the site sold for more than six times its €5.6m net book value as at 31 January and will be leased back as Balta Rugs' European distribution hub.

Question 2

What exchange terms did Victoria offer on 8 July 2026?

Accepted Answer

Victoria offered consenting noteholders the ability to exchange up to €125m of its March 2028 notes for new second‑priority notes due 2031 at a conversion rate of €750 of new notes for each €1,000 of existing holdings, with a £3m early‑bird fee for accession within ten business days.

Question 3

When is Victoria's CVR redeemable?

Accepted Answer

Victoria's CVR is redeemable if cumulative EBITDA exceeds £400m after closing or if Victoria's market capitalisation exceeds £800m.

Question 4

What markets does Victoria operate in?

Accepted Answer

Victoria operates across key markets including the UK, North America and Australia, selling flooring solutions through regional and product-led divisions to trade and retail channels.

Question 5

What does the binding support agreement change for Victoria's secured debt?

Accepted Answer

The binding support agreement pushes Victoria's secured debt maturity to 2031 for consenting holders and creates a write-down risk for non-acceding holders.

Question 6

When will Philippe Hamers leave the CEO role at Victoria?

Accepted Answer

Philippe Hamers is scheduled to depart the Group CEO role in mid‑2026; he will retain non‑executive responsibilities in the UK and Australia.

Timeline

Victoria secures bondholder support for refinancing

Victoria completes €34.4m Belgium sale and leaseback

Victoria strikes refinancing deal to push 2028 debt deadline to 2031

Victoria moves to divisional control as group CEO steps down

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