Cirsa Completes Offering of Senior Secured Notes
05.22.19
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Simpson Thacher represented Cirsa Enterprises, S.L.U. in connection with a Rule 144A and Regulation S offering by its subsidiary of €390 million 4.75% Senior Secured Notes due 2025. The bond offering closed on May 22, 2019.
The proceeds from the offering are expected to be used to finance add-on acquisitions, for general corporate purposes and to pay fees and expenses in connection with the transactions.
Cirsa 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 included Gil J. Strauss, Uma Sud and Alice Prinsley (Capital Markets); Antti I. Pesonen, Kavita Davis and Harriet Bamford (Credit); and Meredith B. Jones and Kelli Rivers (Tax).