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The Firm recently represented Deutsche Bank AG, London Branch as initial purchaser in an offering of €100 million of 8.75% senior notes due 2018 issued by Cirsa Funding Luxembourg S.A. and guaranteed by Cirsa Gaming Corporation, S.A. (“Cirsa”) and certain of its subsidiaries. The Firm also acted for Deutsche Bank AG, London Branch as agent and lender in connection with the amendment of Cirsa’s revolving credit facility. Proceeds of the offering were used to refinance existing indebtedness, including €50.0 million of indebtedness under the revolving credit facility.

Cirsa is one of the leading gaming companies in Spain, Italy and Latin America and is engaged in the operation of slot machines, casinos and bingo halls and the manufacture of slot machines.

The Simpson Thacher team for the transaction included Kristy Greene and Rohan Kaul (Capital Markets) and Stephen Short, Lucy Jenkins and Tanim Rahman (Finance).