BONDS: Casino has finalized its offer to buy back a bond maturing in January 2023 | Photo credits: Casino Group
PARIS (Agefi-Dow Jones)–The Casino distribution group announced on Monday the result of the tender offer launched on October 28 on its bonds maturing in January 2023, with the early redemption and cancellation of all bonds contributed for a total of 154 million euros. The offer at par in an “any and all” format under which all the bonds validly tendered to the offer were accepted for redemption related to an amount of 189.7 million euros.
The settlement-delivery of this transaction is expected in the coming days. It will be financed by means of funds available on the group’s escrow account dedicated to the repayment of unsecured debt and whose balance will be 35.7 million euros at the end of the operation, Casino said in a press release. Press.
-Pierre-Jean Lepagnot, Agefi-Dow Jones +33 (0)1 41 27 48 19; [email protected] ed: LBO
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November 07, 2022 05:54 ET (10:54 GMT)