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Casino Guichard Perrachon SA

CASP.PA

Latest Trade

41.05EUR

Change

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Today's Range

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52 Week Range

27.29

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50.08

As of on the Euronext Paris ∙ Minimum 15 minute delay

Latest Developments

Supermarket retailer Casino says it has completed previously announced refinancing plans

Nov 21 (Reuters) - Casino Sa <CASP.PA>::REFINANCING PLAN: CASINO GROUP HAS COMPLETED THE TRANSACTION STRENGTHENING ITS LIQUIDITY AND FINANCIAL STRUCTURE.CLOSING OF TRANSACTIONS ALLOWS GROUP TO FULLY CONCENTRATE ON REACHING ITS OPERATING, FINANCIAL AND STRATEGIC OBJECTIVES, AS WELL AS ON EXECUTING ITS ASSET DISPOSAL PLAN.

French retailer Casino signs new 2 bln euro credit facility

Nov 19 (Reuters) - Casino Sa <CASP.PA>::REG-GROUPE CASINO: SIGNING OF A NEW REVOLVING CREDIT FACILITY.SIGNING OF A NEW EUR 2.0BN REVOLVING CREDIT FACILITY, MATURING IN OCTOBER 2023 AS PART OF ITS REFINANCING PLAN PRESENTED ON 22 OCTOBER..TWENTY-ONE FRENCH AND INTERNATIONAL BANKS HAVE TAKEN PART IN THIS FACILITY.NEW CREDIT FACILITY ALSO INCLUDES TWO FINANCIAL COVENANTS, WHICH WILL BE TESTED ON A QUARTERLY BASIS AT FRANCE RETAIL PLUS E-COMMERCE PERIMETER.EXISTING CASINO AND MONOPRIX BILATERAL LINES, FOR A TOTAL AMOUNT OF EUR 0.64BN, WILL BE FULLY REPAID AND CANCELLED.NEW REVOLVING CREDIT FACILITY IMPROVES GROUP'S LIQUIDITY BY INCREASING AVERAGE MATURITY OF CREDIT FACILITIES IN FRANCE FROM 1.6 TO 3.6 YEARS.AMOUNT OF EXISTING CASINO AND MONOPRIX REVOLVING SYNDICATED FACILITIES (CURRENTLY EUR 2.25BN), MATURING IN 2021 AND 2022, WILL BE REDUCED BY AMOUNTS EXTENDED INTO NEW REVOLVING CREDIT FACILITY.NEW REVOLVING CREDIT FACILITY WILL BE AVAILABLE FROM COMPLETION DATE OF NEW FINANCINGS (TERM LOAN B AND SECURED HIGH YIELD BOND), EXPECTED ON WEDNESDAY 20 NOVEMBER.

Casino announces successful bond offer for more than €750 million

Nov 13 (Reuters) - Casino Sa <CASP.PA>::SUCCESSFUL BOND TENDER OFFER FOR A TOTAL AMOUNT OF MORE THAN €750M.SETTLEMENT OF TENDER OFFER IS EXPECTED ON 20 NOVEMBER.CASINO ANNOUNCES RESULTS OF BOND TENDER OFFER LAUNCHED ON 5 NOVEMBER, IN CONTEXT OF ITS REFINANCING PLAN.A TOTAL AMOUNT OF C.EUR 784M HAS BEEN TENDERED, RESPECTIVELY EUR 239M, EUR 253M AND EUR 292M OF BONDS MATURING IN MARCH 2020, MAY 2021 AND JUNE 2022..TENDER OFFER IS FINANCED BY EUR 1,000M TERM LOAN AND EUR 800M SECURED HIGH YIELD BOND ANNOUNCED ON 7 NOVEMBER.FOLLOWING REIMBURSEMENT OF DRAWN CREDIT LINES AND PART OF SEGISOR LOAN, C. EUR 200M WILL BE DEPOSITED ON A SEGREGATED ACCOUNT, WHERE FUNDS CAN ONLY BE USED TO REIMBURSE CASINO DEBT.AFTER THESE TRANSACTIONS, AVERAGE DEBT MATURITY WILL INCREASE FROM 3.3 TO 3.8 YEARS.AFTER THESE TRANSACTIONS, AVERAGE DEBT MATURITY WILL INCREASE FROM 3.3 TO 3.8 YEARS.

Supermarket retailer Casino raises 1.8 bln euros via new financing deals, more than forecast

Nov 7 (Reuters) - CASINO SA <CASP.PA>::REG-CASINO GROUP: SUCCESS OF THE GROUP FINANCING TRANSACTIONS FOR A TOTAL AMOUNT OF €1.8BN.SUCCESSFUL SYNDICATION OF A EUR 1,000M TERM LOAN B AND PLACEMENT OF A EUR 800M SECURED HIGH YIELD BOND, BOTH MATURING IN JANUARY 2024..TERM LOAN MARGIN WILL BE EURIBOR + 5.5% AND BOND COUPON WILL BE 5.875%..NEW GROUP FINANCINGS THUS AMOUNT TO EUR 1.8BN, EUR 300M HIGHER THAN EUR 1.5BN TARGET AMOUNT ANNOUNCED PREVIOUSLY.TRANSACTION RESULTS IN AN EXTENSION OF THE AVERAGE DEBT2 MATURITY FROM 3.3 YEARS TO 3.9 YEARS..COMPLETION OF THESE TRANSACTIONS IS EXPECTED BY END OF NOVEMBER..STRENGTHENING OF CAPITAL STRUCTURE WILL ALLOW GROUP TO FULLY FOCUS ON REACHING ITS OPERATING, FINANCIAL AND STRATEGIC OBJECTIVES.FINANCING WILL ALSO HELP CASINO EXECUTE ITS ASSET DISPOSAL PLAN.REFINANCING PLAN ALSO IMPROVES GROUP'S LIQUIDITY WITH AN AVERAGE MATURITY OF CREDIT LINES IN FRANCE INCREASING FROM 1.6 YEARS TO 3.6 YEARS.

French supermarket group Casino putting in place new revolving credit facility

Nov 7 (Reuters) - Casino Sa <CASP.PA>::NEW REVOLVING CREDIT FACILITY AS PART OF THE REFINANCING PROJECT.GROUP HAS RECEIVED COMMITMENTS FROM 21 FRENCH AND INTERNATIONAL BANKS FOR EUR 2.0BN, SUBJECT TO FINAL DOCUMENTATION AND CUSTOMARY CONDITIONS..NEW REVOLVING CREDIT FACILITY WILL BE SIGNED SOON.EXISTING CASINO AND MONOPRIX SYNDICATED LINES, MATURING IN 2021 AND 2022, FOR AN EXISTING AMOUNT OF EUR 2.25BN, WILL BE REDUCED BY AMOUNTS EXTENDED INTO NEW REVOLVING CREDIT FACILITY.IT WILL BE DRAWABLE IF GROUP RAISES AT LEAST EUR 1BN BY MAY 2020.EXISTING CASINO AND MONOPRIX BILATERAL LINES, FOR A TOTAL AMOUNT OF EUR 0.64BN, WILL BE CANCELLED.

Supermarket retailer Casino launches bond tender offer

Nov 5 (Reuters) - Casino Guichard Perrachon SA <CASP.PA>::* Launches today a tender offer on the bonds maturing in March 2020, May 2021 and June 2022..* This tender offer will be conditional to the new financings (Term Loan B and secured bond, respectively launched on Oct 23 and Oct 30). Based on a €1.5bn target for the new financings, the tender offer is expected to amount to €700m*..* As part of this offer, Casino will accept all the 2020 notes tendered and will allocate the remaining amount of the tender between the 2021 and 2022 bonds..

Casino to defend itself in EU antitrust probe

Nov 4 (Reuters) - A Casino <CASP.PA> spokesman says::"As the European Commission indicates, this preliminary action does not prejudge its final outcome..Casino will exercise its rights of defense in cooperation with the different services of the European Commission..The absence of any anti-competitive agreement, particularly on resale prices, was noted by the market as a whole and by consumers during the period of investigation..Casino reserves its explanations to the Commission services as they stand.. EU antitrust regulators on Monday opened an investigation into Casino CASP.PA and Intermarche's purchasing alliance on concerns that the two French supermarkets may be colluding in breach of the bloc's competition rules." nL8N27K2WN.

Groupe Casino: Additional Information On Its Real Estate Assets In France

Oct 30 (Reuters) - CASINO SA <CASP.PA>::REG-GROUPE CASINO: CASINO GROUP’S PRESS RELEASE.AS PART OF REFINANCING PLAN, GROUP DISCLOSES ADDITIONAL INFORMATION REGARDING ITS REAL ESTATE ASSETS IN FRANCE.GROUP DISCLOSES ADDITIONAL INFORMATION REGARDING ITS REAL ESTATE ASSETS IN FRANCE.IMMOBILIÈRE GROUPE CASINO'S ASSETS ARE VALUED (ON BASIS OF VALUATION REPORTS AT END OF DECEMBER 2018) AT EUR 1.026M (INCLUDING TRANSFER TAXES) AND EUR 966M (EXCLUDING TRANSFER TAXES) AT 10/30/2019.

Casino Group: Launch Of Secured Bond Issue As Part Of Refinancing Plan

Oct 30 (Reuters) - CASINO SA <CASP.PA>::REG-GROUPE CASINO: CASINO GROUP ANNOUNCES THE LAUNCH OF A SECURED BOND ISSUE AS PART OF ITS REFINANCING PLAN.IS PART OF GROUP'S REFINANCING PLAN ANNOUNCED ON 22 OCTOBER, WHICH INCLUDES NEW FINANCINGS FOR A TARGETED AMOUNT OF EUR 1.5BN THROUGH THIS SECURED ISSUE AND A NEW TERM LOAN B, AS WELL AS A NEW SYNDICATED REVOLVING FACILITY OF APPROXIMATELY EUR 2BN.BONDS WILL BE ISSUED BY QUATRIM, A 100%-CONTROLLED INDIRECT SUBSIDIARY OF CASINO, GUICHARD-PERRACHON.CASINO WILL LAUNCH, FOLLOWING TRANSACTION, A BOND BUYBACK OFFER FOR BONDS MATURING IN MARCH 2020, MAY 2021 AND JUNE 2022 FOR A TARGETED AMOUNT OF EUR 700M.AMOUNTS RAISED WILL ALSO BE USED TO REPAY CURRENT EUR 675M OF DRAWDOWNS ON GROUP'S CONFIRMED LINES RELATED TO SEASONAL NATURE OF BUSINESS AS WELL AS A PORTION OF SEGISOR LOAN.

Casino Plans To Raise EUR 1.5 Billion In Bank Loans

Oct 22 (Reuters) - CASINO SA <CASP.PA>::CASINO GROUP ANNOUNCES PLAN TO STRENGTHEN ITS LIQUIDITY AND FINANCIAL STRUCTURE.ITS INTENTION TO RAISE NEW FINANCINGS FOR A TARGETED AMOUNT OF EUR 1.5BN IN ORDER TO REFINANCE PART OF ITS EXISTING DEBT.INTENDS TO RAISE NEW FINANCINGS FOR TARGET AMOUNT OF EUR 1.5BN, THROUGH TERM LOAN FACILITY (TERM LOAN B) AND AN ADDITIONAL SENIOR SECURED DEBT INSTRUMENT.IS WORKING WITH THE BANKS PARTICIPATING IN ITS CONFIRMED CREDIT LINES TO AGREE NEW SYNDICATED REVOLVING FACILITY, MATURING IN OCTOBER 2023, FOR APPROXIMATELY €2.0BN.BANKS’ PARTICIPATION IN THE NEW FACILITY IS CONDITIONED UPON CASINO RAISING AT LEAST €1BN BY MAY 2020.HAS ALREADY RECEIVED COMMITMENTS FROM 14 FRENCH AND INTERNATIONAL BANKS FOR MORE THAN €1.6BN.CASINO INTENDS TO LAUNCH A TENDER OFFER ON ITS BONDS WHICH MATURE IN 2020, 2021 AND 2022.GROUP CONFIRMS ITS INTENTION TO REACH NET DEBT IN FRANCE OF LESS THAN €1.5BN AT END-2020 AND MAINTAIN THIS LEVEL OVER TIME.

Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.

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