Casino issues apparently upsized
All,
We hear the bond and TLB have been upsized by E250m. More short term bonds to be taken out as a result.
Casino have confirmed this morning that their RCF was placed - subject to the term loan and the bond today.
As we have been posting in recent days, there are obvious weaknesses in the security package of the bonds, but the sheer scale of the effort (every bank is on it) should see it getting done.
Tomas is your analyst.
Wolfgang