RALLYE (EPA:RAL) RALLYE S.A.: Financial restructuring of Casino
Transparency directive : regulatory news
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RALLYE S.A. RALLYE
Financial restructuring of Casino
Rallye acknowledges the terms of Casino’s financial restructuring, and in particular the equity contribution from the Consortium and certain creditors, the equitization of all of Casino Group's unsecured debt and the equitization of part of its secured debt, as well as the massive dilution of Casino shareholders that would result, with Rallye consequently losing control of Casino. Rallye intends to preserve its main assets in accordance with its corporate interest and thus provide its support as Casino's controlling shareholder so that Casino's restructuring can be successfully implemented in accordance with the Lock-up Agreement. The conciliation proceedings (procédure de conciliation) opened on 19 May 2023 in respect of Rallye will expire on 19 October 2023 and Rallye will remain subject to the undertakings of its Safeguard Plan.
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Press contact: Étienne Dubanchet +33 6 62 70 09 43 etienne.dubanchet@plead.fr Regulatory filing PDF file File: PJ |
| Language: | English |
| Company: | RALLYE S.A. |
| 103 rue la Boétie | |
| 75008 Paris | |
| France | |
| Phone: | 01 44 71 14 00 |
| Internet: | http://www.rallye.fr/ |
| ISIN: | FR0000060618 |
| Euronext Ticker: | RAL |
| AMF Category: | Inside information / Other releases |
| EQS News ID: | 1752153 |
| End of Announcement | EQS News Service |
1752153 18-Oct-2023 CET/CEST