Casino: syndicated loan maturity extended by three years
(CercleFinance.com) - Casino announced on Monday that it has improved the financial terms of its main syndicated loan, which was originally due to mature in 2023.
The retail group explained that it had signed an amendment with all the banks in its banking pool providing for the extension of the maturity of the loan to 2026, for a total of 1.8 billion euros.
In addition, the group has negotiated the renewal of the Monoprix syndicated loan which was due to mature this month by obtaining a new loan of 105 million euros, which may be increased to 130 million euros, and which now matures in January 2026.
The amount of its credit facilities available at any time now stands at 2.2 billion euros, with an average maturity of 4.6 years, compared to 2.2 years before the deal.
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