Casino has signed today a 5-year confirmed credit facility for an amount of $750m (approx. €645m) with a group of 11 international banks: JPMorgan and NatWest (coordinating banks), Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Itau BBA International and Rabobank.

This credit line refinances the existing 5-year $1,000m facility signed in July 2013. In a context of increased liquidity following the disposals completed in 2016, Casino has decided to reduce the size of the facility at $750m. This transaction increases the average maturity of Casino’s confirmed lines from 2.4 years to 3.4 years.

Casino also benefits from two one-year extension options which remain subject to banks approvals.

This transaction gives the Group access to competitive financial resources with large international banks.