The retailer's financing package includes a new €700 million revolving credit facility, while Quatrim creditor talks continue and TLB lenders seek to terminate the February 2024 safeguard plan in Paris court.
Casino said it has signed conciliation agreements with its banking partners covering about €1.515 billion of financing as part of its plan to adapt and strengthen its financial structure, while also holding discussions with Quatrim creditors and facing court action from TLB lenders. The financing package includes a new five-year revolving credit facility of about €700 million, about €640 million of continued operational financings and a new first-demand guarantee line of €175 million for the purchasing alliance. Casino said implementation remains subject to customary conditions and completion of its broader restructuring plan. The company also said TLB lenders started proceedings on August 6, 2026 before the Paris Economic Court seeking termination of the safeguard plan approved on February 26, 2024, citing in particular an event of default linked to the group entering into talks with creditors; Casino said it will defend its position. The court is also expected to rule on proposed amendments to accelerated safeguard plans and on the application to approve the conciliation agreements filed on August 5, 2026.