Casino repurchases, cancels €8.96 million notes from Quatrim

By William Gullotti

Buffalo, N.Y., Sept. 29 – Casino, Guichard-Perrachon reported repurchasing and canceling €8,962,000 of senior secured notes due 2024 (ISINs: XS2010039118, XS2010038490), according to a notice on Thursday.

Wholly owned subsidiary Quatrim initially issued €750 million of the notes in 2019.

The open market buyback was financed using amounts from the company’s senior secured segregated account.

The notes were canceled upon repurchase, leaving €77.5 million in the segregated account and €730,920,000 of the notes outstanding.

Casino is a food retailer based in Saint-Etienne, France.

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