Casino Guichard-Perrachon Plans Not to Pay End-September TLB Interest
Casino Guichard-Perrachon said on 24 September 2026 that it did not plan to make the interest payment on its TLB debt due at the end of September. The company said it had deposited the €65 million amount due into a dedicated account while discussions continued with stakeholders on amending and strengthening the group’s financial structure and the safeguard plans of affected entities.
This is a new, concrete forward-looking financial-distress update: Casino Guichard-Perrachon announced that it does not plan to pay the TLB interest due at the end of September, while depositing €65 million into a dedicated account and continuing discussions to amend and strengthen the group’s financial structure. The development can materially affect default, restructuring, creditor-recovery and equity-value expectations, although it is not treated as an actual missed payment because the payment date is still in the future. The occurrence timestamp is normalized to the estimated end-of-September payment date rather than the 24 September publication date; the exact contractual payment time is not provided. Financial distress is more appropriate than debt financing because the central issue is threatened debt service amid an ongoing restructuring. Only CO.PA is approved because the other listed stakeholders have speculative or indirect exposure not identified in this announcement.
DISCUSSIONS ARE CONTINUING WITH VARIOUS STAKEHOLDERS ON PLAN TO ADAPT AND STRENGTHEN GROUP’S FINANCIAL STRUCTURE
AS PART OF DISCUSSIONS, NO PLANS TO MAKE INTEREST PAYMENTS ON THE TLB DEBT WHEN THEY FALL DUE AT END SEPT
HAS DEPOSITED THE AMOUNT DUE (65 MILLION EUROS) INTO A DEDICATED ACCOUNT
DISCUSSIONS WITH VIEW TO REACHING CONSENSUAL SOLUTION LEADING TO AMENDMENT OF SAFEGUARD PLANS OF GROUP'S ENTITIES CONCERNED