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Casino Guichard announces upsized €1 billion term B at Euribor plus 400 bps
Chicago, March 30 – Casino Guichard-Perrachon announced it has a new term loan B facility of €1 billion with a maturity of August 2025, according to a press release.
Interest is Euribor plus 400 basis points, subject to a 0% floor.
The loan was upsized from €800 million.
Closing is expected by April 13.
The company also sold an upsized €525 million 5¼% bond with a maturity of April 2027.
The entire deal was upsized to €1.525 billion from €1.225 billion.
Proceeds will be used with the new notes to refinance an existing €1.225 billion term loan B due January 2024.
The additional proceeds from the upsizing will be used for future refinancing of debt.
As previously reported, Credit Suisse is a lead bookrunner on the deal, according to a market source.
Casino Guichard-Perrachon is a France-based food and non-food retailer.
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