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Victoria Wins Bondholder Support for Debt Deal After HSBC U-Turn

Bloomberg Markets Thursday 23 July 2026, 09:06 UTC By Constantine Courcoulas 1 min read
Key Points

Victoria Wins Bondholder Support for Debt Deal After HSBC U-Turn Troubled UK carpetmaker Victoria Plc secured enough bondholder support for a consensual debt restructuring after HSBC Holdings Plc backed the plan at the last minute, averting a costlier, more time-consuming court process. The firm on Thursday said holders representing more than 90% of its outstanding €166.6 million senior secured notes due March 2028 have acceded to the agreement, meeting the threshold needed to implement the...

Victoria Wins Bondholder Support for Debt Deal After HSBC U-Turn Troubled UK carpetmaker Victoria Plc secured enough bondholder support for a consensual debt restructuring after HSBC Holdings Plc backed the plan at the last minute, averting a costlier, more time-consuming court process. The firm on Thursday said holders representing more than 90% of its outstanding €166.6 million senior secured notes due March 2028 have acceded to the agreement, meeting the threshold needed to implement the deal through a consent solicitation.
Victoria Wins (PERSON) HSBC U-Turn (ORG) HSBC U-Turn Troubled (ORG) UK (LOCATION) Victoria Plc (ORG) HSBC Holdings Plc (ORG)
Originally published by Bloomberg Markets Read original →

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