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French Grocer Casino Agrees Debt Deal With Opposing Creditors

Bloomberg Markets Tuesday 10 November 2026, 10:46 UTC By Libby Cherry 1 min read
Key Points

French Grocer Casino Agrees Debt Deal With Opposing Creditors French supermarket chain Casino Guichard-Perrachon SA has reached an agreement on restructuring its debt, after facing opposition from a group of lenders to its initial plan. A vehicle ultimately controlled by Czech billionaire Daniel Kretinsky will remain in control under the deal, according to a presentation from the grocery chain, which is set to be re-named Plesio. The plan envisages converting a similar amount of the €1.4...

French Grocer Casino Agrees Debt Deal With Opposing Creditors French supermarket chain Casino Guichard-Perrachon SA has reached an agreement on restructuring its debt, after facing opposition from a group of lenders to its initial plan. A vehicle ultimately controlled by Czech billionaire Daniel Kretinsky will remain in control under the deal, according to a presentation from the grocery chain, which is set to be re-named Plesio. The plan envisages converting a similar amount of the €1.4 billion ($1.6 billion) term loan into equity as under the previous plan, but now stipulates that Kretinsky’s vehicle will repurchase the newly-converted shares, allowing creditors to recover more value.
French Grocer Casino (ORG) French (ORG) Casino Guichard-Perrachon SA (ORG) Czech (ORG) Daniel Kretinsky (PERSON) Kretinsky (PERSON)
Originally published by Bloomberg Markets Read original →

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