Has a Failure to Pay Credit Event occurred with respect to Casino Guichard-Perrachon SA? The EMEA DC has determined that a Failure to Pay Credit Event has occurred. The Eligible Market Participant who submitted the DC Question provided the following documents in support of their question: Casino announcement of 21 June regarding standstill of interest […]

The Eligible Market Participant who submitted the DC Question provided the following documents in support of their question: Casino announcement of 21 June regarding standstill of interest payments: https://www.groupe-casino.fr/wp-content/uploads/2023/06/2023-06-21-PR-Update-on-the-conciliation-proceedings.pdf Moody’s article of 18 August appending limited default to Casino after payment default on the 2026 Notes: https://www.moodys.com/research/Moodys-appends-limited-default-LD-to-Casino-after-payment-default–PR_479529?cy=fra&lang=fr Bloomberg article of 18 August referencing Moody’s announcement: […]

The DC Question has been decided by the EMEA DC. Has a Failure to Pay Credit Event occurred with respect to Casino Guichard-Perrachon SA under Section 6.01(8) of the 2026 Notes and the 2027 Notes by virtue of the Reference Entity’s suspension of certain tax and social security payments and the moratorium mandated by the […]

The DC Question has been decided by the EMEA DC. Has a Failure to Pay Credit Event occurred with respect to Casino Guichard-Perrachon SA under Section 6.01(8) of the 2026 Notes and the 2027 Notes by virtue of the Reference Entity’s suspension of certain tax and social security payments and the moratorium mandated by the […]

The DC Question has been decided by the EMEA DC. Has a Failure to Pay Credit Event occurred with respect to Casino Guichard-Perrachon SA under Section 6.01(8) of the 2026 Notes and the 2027 Notes by virtue of the Reference Entity’s suspension of certain tax and social security payments and the moratorium mandated by the […]

The DC question has been decided by the EMEA DC. Has a Bankruptcy Credit Event occurred with respect to Casino Guichard-Perrachon SA on account of recent measures taken by the conciliators and announcements made by the Reference Entity? https://www.groupe-casino.fr/wp-content/uploads/2023/06/2023-06-28-PR-Casino-Group-Communication-.pdf https://www.groupe-casino.fr/wp-content/uploads/2023/05/2023-05-26-PR-Conciliation.pdf https://www.groupe-casino.fr/wp-content/uploads/2023/06/2023-06-21-PR-Update-on-the-conciliation-proceedings.pdf

The DC Question has been decided by the EMEA DC. The question being raised relates to the deferral of tax and social security liabilities and Section 6.01(8) of the Senior Notes due 2026. Has a Failure to Pay Credit Event occurred with respect to Casino Guichard-Perrachon SA? The Eligible Market Participant who submitted the potential […]

The Eligible Market Participant that submitted the potential DC question submitted the following question. This potential DC question was rejected by the EMEA DC. Would the French law rendering the ability of the Representative to cause the Notes to become immediately due and payable upon the entry of the Reference Entity into a conciliation procedure […]