French supermarket group Casino started marketing work for the bond it is relying on to unlock a new revolving credit facility, terming out its debt maturity and relieving some financial pressure.
The €750m bond will be issued by Quatrim, a Casino subsidiary which holds much of the group’s real estate, and will be in six year non-call two format. JP Morgan is leading the offering, which will be accompanied by a €750m term loan ‘B’ led by Credit Suisse
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