ITM Entreprises, the financial and legal holding company of Groupement des Mousquetaires, which includes the InterMarché, Netto, Bricorama, Brico Cash, Bricomarché, Roady and Rapid Pare-Brise brands, as well as the real estate and agri-food divisions of Groupement des Mousquetaires, has successfully completed its inaugural public bond issue, placed with institutional investors, for a total amount of €300,000,000.
The bonds, the proceeds of which are intended to finance the group's general corporate purposes and/or to refinance part of the syndicated loan granted to the group for the acquisition of points of sale previously held by Casino France, bear interest at a rate of 5.750% per annum, mature on 22 July 2029 and are admitted to trading on the Euro MTF operated by the Luxembourg Stock Exchange.
In the context of this transaction, Crédit Agricole CIB and Société Générale acted as Global Coordinators and Active Bookrunners. BNP Paribas, Crédit Industriel et Commercial and Natixis CIB also participated in the transaction as Bookrunners and HSBC, ING and La Banque Postale participated as Passive Bookrunners.
CMS Francis Lefebvre acted as legal advisor to the Global Coordinators and the syndicate with a team comprised of Rosetta Ferrère, partner, Florie Poisson and Victor Delion, associates.
ITM Entreprises was advised by Addleshaw Goddard (Europe) LLP, with a team comprised of Charles Tissier, partner, and Stéphanie Chami, associate.
