Casino: successful refinancing operation

(CercleFinance.com) - Casino has announced that it has successfully completed its refinancing operation launched on 22 March for a total of 1.
525 billion euros, thereby exceeding the 1.225 billion euros initially targeted, thanks to strong interest from investors.

This amount includes a new term loan facility of 1 billion euros, maturing in August 2025 and an interest rate of Euribor+4.0%, with the same securities as the existing loan, and a new senior unsecured bond of 525 million euros, with maturity in April 2027 and a coupon of 5.25%.

The funds raised will enable the group to repay the existing term loan B facilty of 1.225 billion euros maturing in January 2024, at an interest rate of Euribor+5.5%. The 300 million euros excess cash will be used for future refinancing of debt.


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