Casino to halt trading on six bonds until restructuring complete

By Marisa Wong

Los Angeles, March 12 – Casino, Guichard-Perrachon SA (Groupe Casino) issued a notice to holders of six series of its bonds (ISIN: FR0010154385, FR0011606169, FR0011765825, FR0012369122, FR0012074284, XS2276596538, XS2328426445) on Monday.

The company reminded those holders that its bonds, including those listed on the Luxembourg Stock Exchange, will be fully converted into ordinary shares of the company as part of its ongoing restructuring.

The restructuring is expected to close on March 27. According to the company’s accelerated safeguard plan, the reference date to determine entitlements to shares as part of the debt conversion into equity will be March 13.

As a result, no transfer of the bonds will be possible after the market close on March 13, and the company will request that the Luxembourg exchange halt any trading on the bonds until completion of the restructuring and until subsequent conversion of the bonds into equity.

Casino is a food retailer based in Saint-Etienne, France. The company filed its Chapter 15 petition on Feb. 15 under case number 24-10252.

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