DJ RALLYE S.A.: Financial restructuring of Casino
RALLYE S.A.
RALLYE S.A.: Financial restructuring of Casino
18-Oct-2023 / 18:19 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
=----------------------------------------------------------------------------------------------------------------------
RALLYE
Financial restructuring of Casino
Paris, 18 October 2023 - The Board of Directors of Rallye acknowledged today the detailed terms of the lock-up
agreement entered into by Casino on 5 October 2023 relating to its financial restructuring with, on the one hand, EP
Equity Investment III s.à r.l., an entity controlled by Mr. Daniel Kretínský, Fimalac and Attestor (hereafter
collectively the "Consortium"), and on the other hand, certain of its main secured creditors (the "Lock-Up Agreement").
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.
_________________________________________________________________________________________
Press contact:
PLEAD
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
Image link: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=1752153&application_name=news
(END) Dow Jones Newswires
October 18, 2023 12:19 ET (16:19 GMT)
