Carpet and flooring manufacturer Victoria has reached an agreement on a new £130m super senior facility.

The new facility will replace the company’s existing super senior revolving credit facility (RCF) due in February 2026.

Victoria said the move represents a “significant step forward” to strengthen its financial position and address its near-term debt maturities.

The new £130m facility combines both term loan and revolving credit elements and offers considerably enhanced flexibility compared to the existing RCF. Victoria revealed the new facility has no maintenance covenants or drawing restrictions, and that the entire facility will be available to the company upon satisfying certain funding conditions and completion of long-form documentation.

A statement from Victoria said: “The board is very pleased with the pricing, duration, and operational flexibility the new facility offers as it ensures Victoria is well-positioned to meet its future operational and financial objectives.”

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