Casino Group announces the launch of a refinancing to extend the maturity of its debt and reduce its costs.
Following the operations of December 2020 and March 2021, Casino Group announces today a refinancing of its debt including:
- A tap of its Term Loan B of maturity August 2025 for a targeted amount of €400 million;
- A tender offer on bonds maturing January 2023 and March 2024.
The funds raised and potentially not used during the tender offer will be used for future debt buybacks and repayments.
The completion of the transactions is expected in the coming weeks.