(Boursier.com) — Further to its press releases of April 25 and May 22, 2023, rally has concluded, under the aegis of the conciliators, an agreement with all of its creditors benefiting from security trusts relating to shares Casino.
Under the terms of this agreement, the creditors concerned have waived their right to take advantage of any event of default resulting – directly or indirectly, including in respect of a case of cross default – from the opening of the conciliation procedure at the regard to Casino by the President of the Paris Commercial Court on May 25, 2023 and announced by Casino in a press release dated May 26, 2023.
In return, each of the creditors concerned will benefit from the right, exercisable at their sole option and at any time, to appropriate their share of the Casino shares placed in a security trust or to order their sale by the trustee, in reimbursement of its participation in the financing concerned.
In the event of such an appropriation or such a sale, the possible balance of the debt of the creditor concerned would be payable on the due date initially agreed within the framework of the financing concerned (without prejudice to any acceleration of the financing concerned in the event of occurrence of an event of default).
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