Milbank Advises the Initial Purchasers and Dealer Managers on Victoria PLC’s Bond Offering and Cash Tender Offer

Milbank LLP has advised the initial purchasers in connection with Victoria PLC’s (“Victoria”) offering of €500 million 3⅝% Senior Secured Notes, and the dealer managers in connection with Victoria’s cash tender offer for its outstanding Regulation S 5¼% Senior Secured Notes due 2024 up to a target acceptance amount in an aggregate principal amount of €200 million.

Established in 1895 and publicly listed since 1963, Victoria is a leading international designer, manufacturer and distributor of innovative flooring products across the United Kingdom, Continental Europe and Australia. The majority of its products are for residential use, with a particular focus on mid- to upper-market products used in the improvement and repair segment.

The Milbank team was led by European Leveraged Finance/Capital Markets partners Rebecca Marques and Apostolos Gkoutzinis and special counsel Trevor Truman, with associates Andrea Sorace and Anish Mohanty. The team also included London Tax associate Steve Quinn, and associates Tom Neilson and Michael Poolton who advised on certain English law matters.