Casino Group has received binding financial restructuring proposals from its Term Loan B creditors and its reference shareholder, with each transaction expected to result in substantial dilution for existing shareholders. The key terms are detailed in a presentation published on the Group’s website. The Group’s banking partners have obtained agreement in principle from their credit committees on a new 5-year revolving credit facility of €601 million, the continuation of existing operational financings totaling approximately €740 million for a 5-year term, and a new first-demand guarantee line of €175 million for the purchasing alliance. The signing of an agreement in principle remains subject to Board approval, and implementation is conditional on maintaining FRH as controlling shareholder and securing a two-thirds majority from TLB creditors. The Group aims to complete the financial restructuring measures by the end of the second half of 2026, noting that approval of the 2025 annual financial statements depends on the restructuring’s success.