Edition:
United States

Rallye SA (GENC.PA)

GENC.PA on Paris Stock Exchange

9.94EUR
11:35am EDT
Change (% chg)

€0.03 (+0.30%)
Prev Close
€9.90
Open
€9.92
Day's High
€10.08
Day's Low
€9.84
Volume
85,547
Avg. Vol
109,462
52-wk High
€16.32
52-wk Low
€8.56

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Mon, Sep 17 2018

Casino's parent Rallye buys more time with new credit line

* Rallye shares up 7 pct, Casino up 3 pct, Rallye's bonds jump

BRIEF-Rallye Signs 500 Million Euros Credit Facility

* ANNOUNCED ON SUNDAY IT HAS SIGNED A CONFIRMED CREDIT FACILITY MATURING JUNE 30TH, 2020 FOR EUR 500 MLN WITH FIVE OF ITS CORE BANKS: BNP PARIBAS, CREDIT AGRICOLE CIB, CREDIT INDUSTRIEL ET COMMERCIAL, HSBC AND NATIXIS

UPDATE 2-S&P shunts Casino debt deeper into junk, refinancing deadline looms

* Parent company Rallye faces debt refinancing deadline in Oct (Writes through, recasting with S&P, adding context on debt financing concerns and updating share price move)

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