Casino Guichard announces offer to repurchase notes due 2023, 2024

By Wendy Van Sickle

Columbus, Ohio, Nov. 16 – Casino Guichard-Perrachon SA began a cash tender offer to purchase up to a maximum amount of two series of notes due 2023 and 2024, according to an announcement.

The notes include the company’s 3.311% notes with step-up interest of currently 4.561% due Jan. 25, 2023 (ISIN: FR0011400571), €1 billion initially issued with €270.9 million outstanding, to be purchased at 101.25 and its 3.248% notes with step-up interest of currently 4.498% due March 7, 2024 (ISIN: FR0011765825), €900 million originally issued with €611.1 million outstanding, to be purchased at 99.8.

The notes may be subject to proration if tender offers exceed the cap, which will be determined after the expiration of the offer and announced with the results.

The tender offer expires at 11 a.m. ET on Nov. 23.

Results of the tender offer will be announced Nov. 24.

Credit Agricole CIB (+44 20 7214 5903, liability.management@ca-cib.com) and J.P. Morgan AG (+44 20 7134 2468, liability_management_EMEA@jpmorgan.com) are the global coordinators and dealer managers for the tender offer.

Additional dealer managers are Banco Santander, SA (+44 7418 709 688, +44 7742 403 679, Tommaso.GrosPietro@santanderCIB.co.uk, Adam.Crocker@santanderCIB.co.uk), Credit Industriel et Commercial SA (+33 1 40 16 26 45, liabilitymanagement@cic.fr), Natixis (+33 1 58 55 05 56, liabilitymanagement.eu@natixis.com) and Société Generale (+33 1 42 13 32 40, liability.management@sgcib.com).

The information agent is BNP Paribas Securities Services (+33 1 57 43 10 77, parisbp2s.information.agent@bnpparibas.com).

The tender agent is also BNP (+33 1 40 14 14 30, paris.bp2s.offers@bnpparibas.com).

Casino Guichard-Perrachon is a Saint-Etienne, France-based food and non-food retailer.

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