Casino Group takes another step in the refinancing of its debt
March 22 2021 - 3:49AM
Casino Group takes another step in the refinancing of its debt
Paris, 22 March 2021
Casino Group announces the launch of a
refinancing to extend the maturity of its debt and to reduce its
costs.
The refinancing includes (i) a new Term Loan B
of maturity August 2025 of a targeted size of €800 million and (ii)
the potential launch of a new €425 million senior unsecured debt
instrument of maturity April 2027.
The funds will be used to fully redeem the
current €1.225 billion Term Loan B which matures in 2024. The
refinancing is expected to almost halve the 2024 payments, and to
extend the debt maturity profile while reducing its costs.
The completion of the transactions is expected
in the coming weeks.
This press release constitutes a public
disclosure of inside information by Casino, Guichard-Perrachon S.A.
(the “Company”) under Regulation (EU) 596/2014 (16 April 2014) and
Implementing Regulation (EU) No 2016/1055 (10 June 2016).
Disclaimer
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
05or+33(0)1 53 65 24 78 -
directiondelacommunication@groupe-casino.frAgence IMAGE
7Karine ALLOUIS – +33(0)1 53 70 74 84 -
kallouis@image7.frFranck PASQUIER – +33 (0)6 73 62 57 99 -
fpasquier@image7.fr
- 2021.03.22 - PR - Casino Group takes another step in the
refinancing of its debt
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