Simpson Thacher represented Cirsa Enterprises, S.L.U. in connection with a Rule 144A and Regulation S offering by its subsidiary of €425 million 10.375% Senior Secured Notes due 2027. The bond offering closed on November 9, 2022.
The proceeds from the offering were used to redeem a portion of Cirsa’s euro-denominated 6.250% Senior Secured Notes due 2023 and to pay fees and expenses in connection with the foregoing transaction.
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, bingo halls, on-line gaming and betting, and the manufacture of slot machines and gaming kits for the Spanish market.
The Simpson Thacher team included Gil J. Strauss, Srishti Gupta, Melchor Alvarez de Mon, Amanda Obi and Thomas Flament (Capital Markets) and Antti I. Pesonen, Li Lin and Tom Lort (Credit).