Casino signs banking agreements: €700M in new credit and €175M in guarantees
The Saint-Étienne-based distributor announced the signing of settlement agreements with its banking partners, a new step in its adaptation plan and strengthening of its financial structure.
These agreements are in line with communications issued by the group on July 6, 10 and 23, 2026.
Three financing lines at the heart of the agreements
According to the press release published on August 6, 2026, the settlement agreements cover three main areas. The first provides for a new revolving credit facility (RCF) of approximately 700 million euros, with a duration of 3 years that can reach 5 years, intended to replace the current RCF and certain existing operational financing. This facility runs for 3 years from the closing of the restructuring, with a possible extension of 2 years at the group's request, subject to the absence of any default event and compliance with financial covenants.
The second component concerns the continuation of other existing operational financing for a total amount of approximately 640 million euros, over a period of 5 years (3 years, together with two one-year extensions at the group's request, subject to the same conditions). The third component consists of a new guarantee line on first demand of 175 million euros, intended to meet the needs of the purchasing center.
Implementation subject to conditions and judicial validation
The group recalls that the implementation of these financing arrangements will be subject, in addition to the usual conditions precedent, to the completion of its adaptation plan and strengthening of its financial structure. Applications for approval and confirmation of these agreements have been filed with the registry of the Paris Business Court, following the settlement procedure.
The group must be heard on these applications at the same time as on the requests to modify its accelerated safeguard plans. These modification requests will be filed in the coming weeks and concern the financial debt covered by the accelerated safeguard plans approved by the court in February 2024. The conclusion of these agreements constitutes a new step in the group's plan.
