Australia Markets open in 5 hrs 16 mins

Casino raises €1.5bn in bank loans to aid debt refinancing

Harriet Agnew in Paris

Casino, the French retailer, has moved to further boost its financial position by raising €1.5bn in bank loans and extending its debt maturities for four years. The company said after the market closed on Tuesday that it is raising €1.5bn in new financing in order to refinance part of its existing debt