Casino: debt refinancing to be completed
(CercleFinance.com) - French food retailer Casino has announced the launch of a refinancing transaction to extend the maturity of its debt and reduce its cost, which is expected to be completed in the next few weeks.
It includes the launch of a new term loan maturing in August 2025, with a target amount of 800 million euros and the potential launch of a new unsecured debt instrument maturing in April 2027 with a target amount of 425 million euros.
The funds raised will be used to fully repay the 1.225 billion euro term loan maturing in 2024, thereby reducing the group's maturities by almost half and extending the maturity of its debt while reducing its cost.
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It includes the launch of a new term loan maturing in August 2025, with a target amount of 800 million euros and the potential launch of a new unsecured debt instrument maturing in April 2027 with a target amount of 425 million euros.
The funds raised will be used to fully repay the 1.225 billion euro term loan maturing in 2024, thereby reducing the group's maturities by almost half and extending the maturity of its debt while reducing its cost.
Copyright (c) 2021 CercleFinance.com. All rights reserved.