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Morgan & Morgan advises Cirsa Gaming on €663M senior notes offering

  • News
  • 17 August 2018
  • 266
  • 2 minutes read

Morgan & Morgan acted as Panama counsel to Cirsa Gaming in an offering of €663 million 6.250% senior secured notes due 2023. 

 

gambling 2001033 640The deal also included the issuance of €425 million in floating rate senior secured notes due 2023 as well as $550 million in 7.875% senior secured notes due 2023. The notes were guaranteed by the issuer and, among others, Gaming & Services de Panama. 

Cirsa was founded in 1978 and is Spain’s largest casino operator, generating over $1 billion in revenue a year. It is also one of the leading gaming companies in Spain, Italy and Latin America. The company was acquired by Blackstone earlier in 2018. 

Partner Francisco Arias led the team at Morgan & Morgan which advised Cirsa on the operation. 

Ignacio Abella

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