Capital/Financing Update • Jul 26, 2017
Capital/Financing Update
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Casino has signed today a 5-year confirmed credit facility for an amount of \$750m (approx. €645m) with a group of 11 international banks: JPMorgan and NatWest (coordinating banks), Bank of America Merrill Lynch, Bank of Tokyo-Mitsubishi, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Itau BBA International and Rabobank.
This credit line refinances the existing 5-year \$1,000m facility signed in July 2013. In a context of increased liquidity following the disposals completed in 2016, Casino has decided to reduce the size of the facility at \$750m. This transaction increases the average maturity of Casino's confirmed lines from 2.4 years to 3.4 years.
Casino also benefits from two one-year extension options which remain subject to banks approvals.
This transaction gives the Group access to competitive financial resources with large international banks.
Régine Gaggioli – Tel: +33 (0)1 53 65 64 17 [email protected]
or
+33 (0)1 53 65 24 17 IR\[email protected]
Casino Group
Tel.: +33 (0)1 53 65 24 78 [email protected]
Stéphanie Abadie, Press relations manager
Tel.: + 33 (0)6 26 27 37 05 – [email protected]
Simon Zaks – Tel: +33 (0)6 60 87 50 29 – [email protected] Karine Allouis – Tel: + 33 (0)6 11 59 23 26 – [email protected]
Disclaimer
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. Similarly, it does not give and should not be treated as giving investment advice. It has no connection with the investment objectives, financial situation or specific needs of any recipient. No representation or warranty, either express or implicit, is provided in relation to the accuracy, completeness or reliability of the information contained herein. It should not be regarded by recipients as a substitute for exercise of their own judgement. All opinions expressed herein are subject to change without notice.
This document contains certain forward-looking statements. This information is not historical data and should not be interpreted as guarantees of the future occurrence of such facts and data. These statements are based on data, assumptions and estimates that the Group believes are reasonable. The Group operates in a competitive and rapidly changing environment. It is therefore not in a position to predict all of the risks, uncertainties or other factors that may affect its business, their potential impact on its business, or the extent to which the occurrence of a risk or a combination of risks could have results that are significantly different from those included in any forward-looking statement. The forward-looking statements contained in this press release are made only as of the date hereof. Except as required by any applicable law, rules or regulations, the Group expressly disclaims any obligation or undertaking to publicly release any updates of any forward looking statements contained in this press release to reflect any change in its expectations or any change in events, conditions or circumstances on which any forward-looking statement contained in this press release is based.
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