Commentary & Deal Flow

Casino Guichard-Perrachon SA (COFP) announced a debt refinancing plan, including EUR800m sr sec term loan and EUR425m sr unsec notes due April 2027 (6y). The EUR800m sr sec term loan B (rated B2/B) due Aug 2025 was announced this morning via CS/GS jt physical books/CA/HSBC jt glocos/BofA/BNP/JPM/SG jt books/CS as agent. The lender call it scheduled for tomorrow (commitments due 03/30). Marketing of the EUR425m sr unsec notes due April 2027 (6y) (existing Caa1/B) is expected to follow later this month. The proceeds will be used to fully redeem its existing EUR1.225bn term loan B due Jan 2024. Biz: operates hypermarkets, supermarkets and convenience stores in Europe and Latin America. HQ: Saint-Etienne, France.