CGUSY Casino Guichard Perrachon SA (CE)

   By Max Bernhard 
 

Casino Guichard-Perrachon S.A. (CO.FR) said Tuesday it is negotiating the extension of its credit lines in France, and plans to refinance part of its existing debt.

Casino said it plans to raise 1.5 billion euros ($1.7 billion) in new financing to refinance part of its existing debt.

The retailer said it still aims for net debt in France of less than EUR1.5 billion at end-2020 and to maintain this level over time.

Write to Max Bernhard at max.bernhard@dowjones.com; @mxbernhard

(END) Dow Jones Newswires

October 22, 2019 13:25 ET (17:25 GMT)

Casino Guichard Perrachon (CE) (USOTC:CGUSY)
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Casino Guichard Perrachon (CE) (USOTC:CGUSY)
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