Leader Price Et Casino
French supermarket group Casino has launched a refinancing to clean out its upcoming debt maturities, hitting the final issuance slot given the long syndication timeline for raising a term loan' B'. It aims to issue a €200m TLB and a €300m unsecured bond, while launching a tender offer to buy back up to €1.2bn of outstanding debt.
Casino said that after the transaction it will have largely covered maturities until 2024. If it is unable to buy back all the bonds it wants during the tender, it will place the new cash in a segregated account to repay maturities.
Muddy Waters attacked the supermarket group ... Casino Group will remain the owner of the brand Leader Price, used through private label products, currently sold across some of the group’s formats in France and internationally. The sale will take place after the consultation of various employee representative bodies and will need to be approved by the French Competition Authority. The sale of discount chain Leader Price marks the latest in a series of disposals by Casino as part of plans to cut debt and improve its financial position. Casino has often struggled within the. Casino in talks with Aldi to sell discount chain leader price Published: Sept. 20, 2019 at 1:53 a.m.
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Leader Price Et Casino Slots
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