Casino Group: success of the new Casino 2026 unsecured bond and Term Loan B tap
December 16 2020 - 1:07PM
Casino Group: success of the new Casino 2026 unsecured bond and
Term Loan B tap
NOT FOR DISTRIBUTION IN THE UNITED STATES, AUSTRALIA, CANADA
OR JAPAN
Paris, 16 December 2020,
Casino Group announces the success of its two financing
transactions announced on December 9 in the context of the
reinforcement of its financial structure:
- The placement of a €400 million 6.625% unsecured bond maturing
in January 2026. This marks Casino’s first unsecured bond issuance
since January 2018;
- The tap of €225 million of the Term Loan B of maturity January
2024, with a price of 99.75% of nominal.
This financing totals €625 million, which is
above the €500 million initially targeted, thanks to
over-subscription from a diversified investor base.
This financing (€625 million), combined with the
proceeds from the Leader Price disposal together with the cash in
the segregated account (€735 million), will finance the current
tender offer to buy 2021, 2022, 2023, 2024 and 2025 notes, for a
maximum amount of €1.35 billion. The results of the tender offer
will be communicated to the market on December 21.
The cash raised and potentially not used during
the tender offer will be credited to the segregated account
dedicated to repayment of debt in the future.
This press release does not constitute an offer
to subscribe for the new bonds nor an invitation to participate in
the tender offer in or from any country or jurisdiction to whom or
in which such offer would be unlawful under the applicable laws and
regulations.
This document does not constitute an offer of
securities for sale in the United States. The securities referred
to in this announcement have not been and will not be registered
under the U.S. Securities Act of 1933 (the "Securities
Act") and may not be offered or sold in the United States
absent registration or an applicable exemption from the
registration requirements of the Securities Act. There will be no
public offering of the securities in the United States in
connection with this transaction.
This press release does not constitute a
prospectus within the meaning of EU Regulation 2017/1129 (the
"Prospectus Regulation").
The New Notes are not intended to be offered,
sold or otherwise made available to retail investors in the
European Economic Area ("EEA") or the United
Kingdom. For these purposes, a retail investor means a person who
is one (or more) of the following persons: (i) a retail client as
defined in point (11) of Article 4(1) of Directive 2014/65/EU (as
amended, "MiFID II"); or (ii) a customer within
the meaning of Directive (EU) 2016/97, where that customer would
not qualify as a professional client as defined in point (10) of
Article 4(1) of MiFID II; or (iii) not a qualified investor as
defined in the Prospectus Regulation. Consequently, no key
information document required by EU Regulation (EU) No. 1286/2014
(as amended, the "PRIIPs Regulation") for offering
or selling the New Notes or otherwise make them available to a
retail investor in the EEA or in the United Kingdom has been
prepared and, therefore, offering or selling the New Notes or
otherwise making them available to any retail investor in the EEA
or the United Kingdom may be unlawful under the PRIIPs
Regulation.
This press release is only intended for
qualified investors within the meaning of Article 2(e) of the
Prospectus Regulation and in accordance with articles L. 411-1 and
L. 411-2 of the French Monetary and Financial Code (Code monétaire
et financier).
This press release and the offering memorandum
related to the Notes are for distribution only to, and is directed
solely at, (x) persons who (i) are outside the United Kingdom, (ii)
have professional experience in matters relating to investments
falling within Article 19(5) of the Financial Services and Markets
Act 2000 (Financial Promotion) Order 2005, as amended (the
“Order”), or (iii) are high net worth entities
falling within Article 49(2) of the Order and (y) any other persons
to whom it may otherwise lawfully be communicated (all such persons
together being referred to as “relevant persons”). This press
release and the offering memorandum related to the notes are
directed only at relevant persons and must not be acted on or
relied on by persons who are not relevant persons. Any investment
or investment activity to which this press release and the offering
memorandum related to the Notes relate is available only to
relevant persons and will be engaged in only with relevant
persons.
Forward-Looking Statements
This press release may include forward-looking
statements. These forward-looking statements can be identified by
the use of forward-looking terminology, including the terms as
“believe”, “expect”, “anticipate”, “may”, “assume”, “plan”,
“intend”, “will”, “should”, “estimate”, “risk” and or, in each
case, their negative, or other variations or comparable
terminology. These forward-looking statements include all matters
that are not historical facts and include statements regarding the
Company’s or any of its affiliates’ intentions, beliefs or current
expectations concerning, among other things, the Company’s or any
of its affiliates’ results of operations, financial condition,
liquidity, prospects, growth, strategies and the industries in
which they operate. By their nature, forward-looking statements
involve risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future.
Readers are cautioned that forward-looking statements are not
guarantees of future performance and that the Company’s or any of
its affiliates’ actual results of operations, financial condition
and liquidity, and the development of the industries in which they
operate may differ materially from those made in or suggested by
the forward-looking statements contained in this press release. In
addition, even if the Company’s or any of its affiliates’ results
of operations, financial condition and liquidity, and the
development of the industries in which they operate are consistent
with the forward-looking statements contained in this press
release, those results or developments may not be indicative of
results or developments in subsequent periods.
The forward-looking statements and information
contained in this announcement are made as of the date hereof and
the Company undertakes no obligation to update publicly or revise
any forward-looking statements or information, whether as a result
of new information, future events or otherwise, unless so required
by applicable securities laws.
ANALYST AND INVESTOR CONTACTS
Lionel BENCHIMOL – +33 (0)1 53
65 64 17 lbenchimol@groupe-casino.fror
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS
CONTACTSCasino Group – Direction of
CommunicationStéphanie ABADIE - sabadie@groupe-casino.fr -
+33 (0)6 26 27 37 05
or
+33(0)1 53 65 24 78 -
directiondelacommunication@groupe-casino.fr
Agence IMAGE 7Karine
ALLOUIS - +33(0)1 53 70 74 84 -
kallouis@image7.frFranck PASQUIER – Tel : +33 (0)1 53 70 74 91
- fpasquier@image7.fr
- 2020.12.16 - PR - Success of the new Casino 2026 unsecured bond
and Term Loan B tap
Casino Guichard Perrachon (EU:CO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Casino Guichard Perrachon (EU:CO)
Historical Stock Chart
From Apr 2023 to Apr 2024