Brief: Rallye, company behind supermarket Casino, launches global tender offer for unsecured debt

Finatis SA

23/03/2022 06:35

March 23 (Reuters) - Rallye Sa  GENC.PA :
    * RALLYE LAUNCHES A GLOBAL TENDER OFFER FOR ITS UNSECURED
DEBT
    * RALLYE LAUNCHES A GLOBAL TENDER OFFER FOR ITS UNSECURED
DEBT
    * LAUNCHED TODAY A GLOBAL TENDER OFFER AT A FIXED PURCHASE
PRICE
FOR ITS UNSECURED DEBT (INCLUDING BONDS AND COMMERCIAL PAPER)
    * RALLYE PROPOSES TO PURCHASE UNSECURED CLAIMS AT A PRICE
EQUAL TO
15% OF AMOUNT OF OUTSTANDING CLAIM UNDER EACH UNSECURED DEBT
INSTRUMENT RELEVANT HOLDER OF UNSECURED DEBT IS WILLING TO OFFER
    * PROPOSES TO PURCHASE UNSECURED CLAIMS AT A PRICE EQUAL TO
15% OF
AMOUNT OF OUTSTANDING CLAIM UNDER EACH UNSECURED DEBT INSTRUMENT
RELEVANT HOLDER OF UNSECURED DEBT IS WILLING TO OFFER.
    * TENDER OFFER, MAXIMUM AMOUNT OF WHICH IS 37 MILLION EUROS,
STARTS TODAY AND WILL EXPIRE ON APRIL 5, 2022, AT 5 P.M (PARIS
TIME)
    * PURPOSE TO PROVIDE HOLDERS OF UNSECURED DEBT WITH
OPPORTUNITY OF
HAVING ALL OR PART OF CLAIMS REPURCHASED AT FIXED PURCHASE PRICE
AND TO IMPROVE RALLYE'S DEBT PROFILE
    * HAD A TOTAL GROSS FINANCIAL DEBT OF 3,178 MILLION EUROS AS
OF
END DECEMBER
    * ON MAY 18, 2021, RALLYE ACQUIRED A TOTAL AMOUNT OF
UNSECURED
DEBT OF APPROXIMATELY EUR 195.4 MILLION, FOR A TOTAL PURCHASE
PRICE OF APPROXIMATELY EUR 39.1 MILLION, REDUCING TOTAL AMOUNT
OF ITS DEBT BY APPROXIMATELY EUR 156.3 MILLION.

Source text for Eikon:  ID:nBw1WfRXna 
Further company coverage:  GENC.PA 

 (Reporting by Sudip Kar-Gupta)
 ((sudip.kargupta@thomsonreuters.com;))