Casino: TLB lenders group requests rejected, appeal ongoing
The Saint-Étienne distributor provided an update on legal proceedings initiated by a group of TLB lenders, as part of the financial restructuring and strengthening process it intends to complete by the end of 2026.
Casino indicated that a group of TLB lenders initiated legal proceedings relating to the constitution of affected parties classes, with a view to modifying the group's accelerated safeguard plans.
By orders issued on August 17, 2026, the judge-commissioner in charge of the accelerated safeguard proceedings, appointed by the Paris Economic Court, declared the TLB lenders' requests inadmissible and rejected them in their entirety.
The group was informed on August 27, 2026 of the appeal filed on August 24, 2026. Casino stated that it will assert its rights before the Paris Court of Appeal.
Continuation of financial strengthening by end of 2026
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The group indicated that it is continuing its work towards implementing the financial restructuring and strengthening process by the end of 2026.
This communication follows the announcements released by the group on August 6, 2026, when it reported the signing of settlement agreements with its banking partners relating to new credit and a guarantee.
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