Latham & Watkins advises Groupe Casino in its latest refinancing transaction
Casino, Guichard-Perrachon S.A., the holding company of Groupe Casino, one of the leading food retailers in France and Latin America, announced the successful completion of a refinancing transaction consisting of the issuance of €400 million in aggregate principal amount of 6.625% senior notes due 2026, a drawing under an incremental term loan B facility of €225 million maturing in 2024 and a tender offer in which the company accepted tenders of €822 million in aggregate principal amount of its outstanding bonds. The issuance of the new notes marked Casino’s first issuance of unsecured notes since 2018.
Latham & Watkins advised Casino in connection with all aspects of these transactions, with a Paris-based capital markets team led by partner Thomas Margenet-Baudry with counsel Michael Ettannani, Thibault Meynier and Laurie Tomassian, associates, and a Paris-based finance team led by partner Lionel Dechmann with associates Aurélien Lorenzi and Catherine Senio.