Casino Guichard Perrachon gets $750 million five-year credit facility

By Angela McDaniels

Tacoma, Wash., July 26 – Casino, Guichard Perrachon entered into a $750 million five-year credit facility on Wednesday, according to a company news release.

JPMorgan and NatWest are the coordinating banks. The lending syndicate also includes Bank of America Merrill Lynch, MUFG, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, Itau BBA International and Rabobank.

The new credit facility refinances the $1 billion five-year credit facility signed in July 2013.

The company said it decided to reduce the size of the facility to $750 million “in a context of increased liquidity” following disposals completed in 2016.

The transaction increases the average maturity of Casino's confirmed lines to 3.4 years from 2.4 years.

Casino also benefits from two one-year extension options, subject to lender approval.

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

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