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

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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.

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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