Groupe Casino: Update on accession to the lock-up agreement relating to the financial restructuring of the Group; Extension of the accession period to the lock-up agreement relating to the financial restructuring of the Group
14 10월 2023 - 1:20AM
Groupe Casino: Update on accession to the lock-up agreement
relating to the financial restructuring of the Group; Extension of
the accession period to the lock-up agreement relating to the
financial restructuring of the Group
Update on accession to the lock-up
agreement relating to the financial restructuring of the
Group
Extension of the accession period to the
lock-up agreement relating to the financial restructuring of the
Group
Paris, 13 October 2023
Further to its press releases of 5 October 2023
and 11 October 2023, Casino Group announces that by 13 October
2023, the following creditors have acceded to the lock-up agreement
relating to its financial restructuring entered into on 5 October
2023 (the "Lock-up Agreement"):
- creditors
economically holding 98.4% of the Term Loan B1 ;
- principal
commercial banking groups and some of the above-mentioned creditors
economically holding 90.0% of the RCF2 ;
- holders
of notes issued by Quatrim representing 77.8% of these notes ;
- 44.0% of
unsecured financial creditors (high yield bonds, EMTN notes and NEU
CP) ; and
- 42.7% of
perpetual subordinated noteholders holders.
The Group has decided to extend until Tuesday 17
October 2023 at 18:00 (CET) the last accession date to accede to
the Lock-up Agreement, in order to benefit from the right to
subscribe to the 275 million euros backstopped capital increase
(see press release of 5 October 2023) and the support fee for
acceding to the Lock-up Agreement (for unsecured creditors and
holders of perpetual subordinated notes only, and it being
specified that the amount of this support fee will be set at 40 bps
if the plan is approved by a 2/3 majority of unsecured creditors or
perpetual subordinated notes holders, as the case may be).
Creditors holding Casino Group debt are invited
to refer to the press release dated 5 October 2023 regarding the
terms and conditions of accession to the Lock-up Agreement.
This press release was prepared solely for
information purposes and should not be construed as a solicitation
or an offer to buy or sell securities or related financial
instruments. Likewise, it does not provide and should not be
treated as providing investment advice. It has no connection with
the specific investment objectives, financial situation or needs of
any receiver. No representation or warranty, either express or
implied, is provided in relation to the accuracy, completeness or
reliability of the information contained herein. Recipients should
not consider it as a substitute for the exercise of their own
judgement. All the opinions expressed herein are subject to change
without notice
* * *
ANALYSTS AND INVESTORS
CONTACTS
Christopher WELTON -
cwelton.exterieur@groupe-casino.fr - Tel: +33 (0)1 53 65 64 17
orIR_Casino@groupe-casino.fr - Tel: +33 (0)1 53 65
24 17
PRESS CONTACTS
Groupe Casino – Communications
Director
Nicolas BOUDOT -
nboudot@groupe-casino.fr - Tel: + 33 (0)6 79 61 40 99
ordirectiondelacommunication@groupe-casino.fr -
Tel: + 33(0)1 53 65 24 78
Agence IMAGE 7
Karine Allouis - kallouis@image7.fr - Tel: +33
(0)6 11 59 23 26
Laurent Poinsot - lpoinsot@image7.fr - Tel: +
33(0)6 80 11 73 52
Franck Pasquier - fpasquier@image7.fr - Tel: +
33(0)6 73 62 57 99
1 It should be noted that creditors holding
69.7% of Term Loan B are lenders of record who have undertaken to
vote in favour of the financial restructuring under the accelerated
safeguard proceedings; the other signatories (sub-participants,
parties to unsettled trades, TRS counterparties, etc.) will
instruct the corresponding lender of record to vote in favour (the
latter not necessarily being bound by this instruction).2 It should
be noted that creditors holding 40.9% of the RCF are lenders of
record who have undertaken to vote in favour of the financial
restructuring under the accelerated safeguard proceedings; the
other signatories (sub-participants, parties to unsettled trades,
TRS counterparties, etc.) will instruct the corresponding lender of
record to vote in favour (the latter not necessarily being bound by
this instruction).
- 2023 10 23 - PR - Accession LUA
Casino Guichard Perrachon (EU:CO)
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부터 4월(4) 2024 으로 5월(5) 2024
Casino Guichard Perrachon (EU:CO)
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부터 5월(5) 2023 으로 5월(5) 2024