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Morgan & Morgan acts as counsel on Cirsa Enterprises issuance

  • News
  • 27 August 2019
  • 203
  • 2 minutes read

Panama City-based law firm Morgan & Morgan has acted as counsel to Cirsa Enterprises in connection with the offering of €490 million ($544.8 million) senior secured notes due 2025.

francisco cristina vidal of Morgan & MorganThe notes have a floating interest rate of three-month EURIBOR plus 362.5 basis points per year, reset quarterly, issued by Cirsa Finance International and to be guaranteed by Cirsa Enterprises S.L.U. and, among others, Gaming & Services de Panama.

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.

Morgan & Morgan partners Francisco Arias and Roberto Vidal and associate Cristina De Roux (pictured, left to right), participated in this transaction.

adam.critchley@iberianlegalgroup.com

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