Casino Group says TLB lenders seek to end 2024 safeguard plan

Casino Group said it is in discussions with Quatrim creditors as part of a plan to adapt and strengthen its financial structure, while a separate dispute with TLB lenders has moved to the Paris Economic Court. The company said the lenders started proceedings on August 6, 2026 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 its creditors. Casino said it will defend its position in those proceedings. The court is also expected to rule at the same time on proposed amendments to accelerated safeguard plans and on an application to approve conciliation agreements (court-supervised debt workout accords) filed on August 5, 2026.

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