Casino Group: Casino announces the launch of a bond tender offer
November 05 2019 - 3:24AM
Casino Group: Casino announces the launch of a bond tender offer
Casino announces the launch of a bond
tender offer
Paris, 5 November 2019,
In the context of its refinancing plan announced
on 22nd October, Casino launches today a tender offer on the bonds
maturing in March 2020, May 2021 and June 2022.
This tender offer will be conditional to the new
financings (Term Loan B and secured bond, respectively launched on
October 23th and 30th). Based on a €1.5bn target for the new
financings, the tender offer is expected to amount to €700m*.
As part of this offer, Casino will accept all
the 2020 notes tendered and will allocate the remaining amount of
the tender between the 2021 and 2022 bonds.
The settlement of the tender offer will take
place shortly after the signing of the new revolving credit
facility and simultaneously with the availability of the proceeds
of the Term Loan B and the new secured bonds, and is expected to
take place before the end of November.
The Group will continue to inform the market of
the progress of its refinancing project.
------------------------------------------------*as
indicated in the Lender Presentation available under:
https://www.groupe-casino.fr/en/investors/financials-informations/
*
* *
This press release constitutes a public
disclosure of inside information by the Group under Regulation (EU)
596/2014 (16 April 2014) and Implementing Regulation (EU) No
2016/1055 (10 June 2016).
Forward-Looking Statements
This press release may include forward looking
statements. These forward looking statements can be identified by
the use of forward looking terminology, including the terms as
“believe”, “expect”, “anticipate”, “may”, “assume”, “plan”,
“intend”, “will”, “should”, “estimate”, “risk” and or, in each
case, their negative, or other variations or comparable
terminology. These forward looking statements include all matters
that are not historical facts and include statements regarding the
Group’s or any of its affiliates’ intentions, beliefs or current
expectations concerning, among other things, the Group’s or any of
its affiliates’ results of operations, financial condition,
liquidity, prospects, growth, strategies and the industries in
which they operate. By their nature, forward looking statements
involve risks and uncertainties because they relate to events and
depend on circumstances that may or may not occur in the future.
Readers are cautioned that forward looking statements are not
guarantees of future performance and that the Group’s or any of its
affiliates’ actual results of operations, financial condition and
liquidity, and the development of the industries in which they
operate may differ materially from those made in or suggested by
the forward looking statements contained in this press release. In
addition, even if the Group’s or any of its affiliates’ results of
operations, financial condition and liquidity, and the development
of the industries in which they operate are consistent with the
forward looking statements contained in this press release, those
results or developments may not be indicative of results or
developments in subsequent periods.
The forward-looking statements and information
contained in this announcement are made as of the date hereof and
the Group undertakes no obligation to update publicly or revise any
forward-looking statements or information, whether as a result of
new information, future events or otherwise, unless so required by
applicable securities laws.
ANALYST AND INVESTOR
CONTACTSRégine GAGGIOLI – +33 (0)1 53 65 64 17
rgaggioli@groupe-casino.fror
+33 (0)1 53 65 24 17
IR_Casino@groupe-casino.fr
PRESS
CONTACTSCasino Group – Direction
of CommunicationStéphanie ABADIE -
sabadie@groupe-casino.fr - +33 (0)6 26 27 37 05
or
+33(0)1 53 65 24 78 -
directiondelacommunication@groupe-casino.fr
Agence IMAGE 7Karine
ALLOUIS - +33(0)1 53 70 74 84 -
kallouis@image7.frGrégoire LUCAS - gregoire.lucas@image7.fr
- 2019-11-05 - Casino announces the launch of a bond tender
offer
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