Brief: Casino Receives Binding Financial Restructuring Proposals From Term Loan B Creditors, Reference Shareholder
BRIEF-Casino Receives Binding Financial Restructuring Proposals From Term Loan B Creditors, Reference Shareholder July 6 (Reuters) - Casino Guichard Perrachon SA CASP.PA:
HAS RECEIVED FROM ITS TERM LOAN B CREDITORS AND ITS REFERENCE SHAREHOLDER BINDING FINANCIAL RESTRUCTURING PROPOSALS
GROUP INDICATES THAT EACH OF THESE TRANSACTIONS WOULD RESULT IN SUBSTANTIAL DILUTION FOR EXISTING SHAREHOLDERS
WILL CONVENE ITS GOVERNING BODIES IN NEAR TERM TO REVIEW RESPECTIVE POSITIONS AND FINALIZE IN JULY TERMS OF AMENDMENT TO SAFEGUARD PLAN
BANKING PARTNERS HAVE OBTAINED AGREEMENT IN PRINCIPLE OF THEIR RESPECTIVE CREDIT COMMITTEES ON KEY TERMS OF FOLLOWING BANK FINANCINGS
OBJECTIVE IS TO IMPLEMENT MEASURES TO ADAPT AND STRENGTHEN ITS FINANCIAL STRUCTURE BY END OF H2 2026
Source text: ID:nGNE7zy9W
Further company coverage: CASP.PA
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