Simpson Thacher advised Blackstone on a high yield bond offering to finance a portion of the acquisition price of Cirsa Gaming Corporation S.A. LHMC Finco S.à r.l., a Blackstone special purpose vehicle, has completed a Rule 144A and Regulation S offering of €1.5 billion (equivalent) of euro denominated and dollar denominated Senior Secured Notes.
Cirsa Gaming Corporation S.A. is a leading gaming company in Spain, Italy and a number of countries in Latin America, engaged in the operation of slot machines, casinos and bingo halls, and the manufacture of slot machines and gaming kits for the Spanish market.
The Simpson Thacher team for the high yield bond offering included Gil Strauss, Uma Sud, Emily Nordin, Pieter Lavens and Alice Prinsley. The Firm also represented Blackstone in connection with the €2.2 billion acquisition, led by Ben Spiers and Pieter Lavens, and a €200 million revolving credit facility, led by Antti Pesonen and Harriet Bamford. Meredith Jones and William Smolinski assisted on tax related matters; Joyce Xu assisted on the hedging; and David Vann, Preston Miller and John Skinner assisted on antitrust related matters.