Casino talks €750 million 4.25-year secured notes at mid-6% area

By Paul A. Harris

Portland, Ore., Nov. 5 – Quatrim, a wholly owned subsidiary of French supermarket operator Casino, Guichard-Perrachon, circulated initial talk on a €750 million offering of 4.25-year secured notes in the mid 6% area, according to market sources.

JPMorgan is leading the deal.

The notes come with two years of call protection.

The company announced in an Oct. 30 press release that it has undertaken a debt refinancing effort sized at €1.5 billion.

Proceeds will be used to pay off bonds maturing in March 2020, May 2021 and June 2022.

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