Casino Says No Plan For End-September TLB Debt Interest Payment

By Reuters News

Sept 24 (Reuters) - Casino Guichard Perrachon SA CASP.PA:

  • DISCUSSIONS ARE CONTINUING WITH VARIOUS STAKEHOLDERS ON PLAN TO ADAPT AND STRENGTHEN GROUP’S FINANCIAL STRUCTURE

  • AS PART OF DISCUSSIONS, NO PLANS TO MAKE INTEREST PAYMENTS ON THE TLB DEBT WHEN THEY FALL DUE AT END SEPT

  • HAS DEPOSITED THE AMOUNT DUE (65 MILLION EUROS) INTO A DEDICATED ACCOUNT

  • DISCUSSIONS WITH VIEW TO REACHING CONSENSUAL SOLUTION LEADING TO AMENDMENT OF SAFEGUARD PLANS OF GROUP'S ENTITIES CONCERNED

Source text: Full press release

Further company coverage: CASP.PA

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