Casino Guichard will buy €104.8 million of notes from tender offer

Chicago, Nov. 24 – Casino Guichard-Perrachon SA announced the results of its tender offer for two series of notes due 2023 and 2024 in an announcement on Wednesday.

The company was offering to buy its 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.

Noteholders tendered a total of €104.8 million of the notes from both series, all of which will be accepted.

For the 2023 notes, €51.4 million of the notes were tendered leaving €219.5 million of the notes remaining after the conclusion of the offer.

For the 2024 notes, €53.4 million of the notes were tendered with €557.7 million left after settlement.

The offer is still conditioned upon the funding before the settlement date of an incremental term loan B that is satisfactory to the company.

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

Settlement is expected for Nov. 26.

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 Societe Generale (+33 1 42 13 32 40, liability.management@sgcib.com).

The information agent is BNP Paribas Securities Services (+33 1 57 77 43 64, 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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