The UK carpetmaker secured support after HSBC reversed course at the last minute, avoiding a deal collapse and potential court proceedings.
Victoria Plc has won bondholder backing for a consensual debt restructure, giving the UK carpetmaker a path forward after the deal was pushed close to court proceedings. The turnaround came after HSBC reversed course at the last minute, pulling the restructuring back from the brink. The development points to a negotiated agreement with creditors rather than a court-led process, a distinction that typically matters because consensual restructurings can reduce legal risk, cost and execution uncertainty.