French retailer Groupe Casino’s RCF lenders have appointed Houlihan Lokey and Freshfields, as legal and financial advisors, according to a source close to the lenders and a market participant. A group of Casino’s TLB lenders recently brought on PJT as financial advisor, the sources said. The TLB group also appointed Latham Watkins as their legal advisors, as reported.

The appointments come ahead of the deadline for creditors to provide their consent to waive an event of default if the company decides to go into a conciliation process.  

Conciliation is a pre-insolvency and amicable procedure available to a company which faces legal, economic or financial difficulties. The company would appoint a conciliator to help reach an agreement with the company’s stakeholders to resolve the company’s difficulties.