Arendt advised on the Cirsa’s €650 m fixed and floating rate senior secured notes issuance

Arendt & Medernach has acted as legal advisor to Cirsa Enterprises S.A.U and its subsidiary as issuer on all Luxembourg law aspects in connection with a Rule 144A and Regulation S offering of €650 million aggregate principal amount of €450 million 6.500% Senior Secured Notes due 2029 and €200 million Floating Rate Senior Secured Notes due 2028.

21/03/2024

#DEAL #FINANCE #CAPITALMARKETS #NOTESISSUANCE #CORPORATE #CORPORATELAW

Arendt & Medernach has acted as legal advisor to Cirsa Enterprises S.A.U and its subsidiary as issuer on all Luxembourg law aspects in connection with a Rule 144A and Regulation S offering of €650 million aggregate principal amount of €450 million 6.500% Senior Secured Notes due 2029 and €200 million Floating Rate Senior Secured Notes due 2028.

The proceeds from the offering were used to fully redeem Cirsa’s 4.750% Senior Secured Notes due 2025, to redeem a portion of its 10.375% Senior Secured Notes due 2027 and repay a portion of its 7.25%/8.00% Senior Secured PIK Toggle Notes due 2025, as well as to pay accrued and unpaid interest on the Notes being redeemed, the applicable redemption premium, fees and expenses in connection with the foregoing transactions, and for general corporate purposes.

Cirsa is a leading gaming company in Spain and Italy as well as in a number of countries in Latin America, engaged in the operation of slot machines, casinos, gaming halls, online gaming and betting, and the manufacture of slot machines and gaming kits for the Spanish market.

 

Corporate Law, Mergers & Acquisitions team members involved:

Pierre Beissel, Partner

François Deprez, Partner

Guillaume Bouriaud, Senior Associate

Finance & Capital Markers team members involved:

Lynn Alzin, Partner

Milos Vulevic, Senior Associate

Burak Aytaç, Associate

YOU MIGHT ALSO WANT TO DISCOVER

24/04/2024
Arendt advised Thoma Bravo in the context of the acquisition of Compliance Specialist EQS

Arendt advised Thoma Bravo, a leading private equity firm, as manager and/or advisor of certain funds in the context of the acquisition of EQS Group AG, a leading international cloud software provider in the areas of corporate compliance, investor relations and ESG.

Read More_
24/04/2024

Arendt advised Thoma Bravo in the context of the acquisition of Compliance Specialist EQS

Arendt advised Thoma Bravo, a leading private equity firm, as manager and/or advisor of certain funds in the context of the acquisition of EQS Group A...
10/04/2024

Arendt & Medernach has advised European asset manager Aermont Capital on the sale of an in...

Arendt & Medernach has advised European asset manager Aermont Capital (Aermont) on the sale of an initial 50% stake to Keppel Limited (Keppel).
05/04/2024

Arendt advised Zurich Insurance Group on the set-up and launch of its first Private Debt E...

Arendt assisted Zurich Insurance Group in the set-up and launch of its first European Long-Term Investment Fund: Zurich Private Debt ELTIF, aimed at p...
29/03/2024

Arendt & Medernach advised on Auna S.A.’s US$360m NYSE IPO

Arendt & Medernach acted as Luxembourg legal advisor to Morgan Stanley, J.P. Morgan, BTG Pactual, Santander, Citigroup, and HSBC as underwriters on Au...