Victoria Station signed debt-restructuring pacts.

The restaurant firm said it agreed in principle with its lenders to restructure a $23-million debt. Terms call for the group to exchange part of the debt and interest payments through 1986 for new 10% convertible preferred stock. Maturity dates of the firm’s remaining debt will be extended, the company said. In addition, Woodside Co., a British Virgin Island investment fund, will lend Victoria Station $5 million, and two banks have agreed to refinance $10.5 million of loans due in late 1985.