VICTORIA

Victoria PLC has scheduled the annual general meeting for 4 September 2026 at 1:00 p.m. The meeting will take place at the offices of Brown Rudnick LLP, 8 Clifford Street, London. The notice and further documents are available on the company’s website. » Altro su de.investing.com

Victoria PLC announced that holders of more than 90% of the outstanding senior secured bonds (€166.6m, 3.75% coupon, maturity March 2028) have agreed to a refinancing transaction. The threshold allows the refinancing to be implemented via a consent solicitation and is intended to reduce costs compared with alternatives; the company was advised financially by Lazard & Co. Limited and legally by Latham & Watkins and Brown Rudnick. » Altro su de.investing.com

Victoria PLC has agreed a binding refinancing arrangement that reduces debt and preferred share liabilities by more than £300 million. KED Victoria Holdings, Wood River Capital and consenting noteholders back the plan, which provides for conversion and release of preferred shares, issuance of new common shares and reissuance of subordinated notes through 2031. Some preferred shares will remain on amended terms, including a later conversion date and a fixed coupon of 8.0%, and consenting noteholders will receive new 2031 notes and equity. The transaction is expected to lower annual financing costs and PIK dividends by about £34 million and is subject to shareholder approval. » Altro su de.investing.com