Morimor acts in Cirsa Finance senior bond issue
Morgan & Morgan Legal acted as counsel to Cirsa Finance International, as issuer, in connection with the offering pursuant to the final offering memorandum dated 5 July 2023 of €700,000,000 senior secured bonds in the amount of €700,000,000.
The offering consists of €375,000,000,000 Senior Secured Notes due 2028 with an interest rate of 7.875% and €325,000,000,000 Senior Secured Floating Rate Notes due 2028, guaranteed by Cirsa Enteprises and, among others, Gaming & Services de Panamá.
The Bonds are issued pursuant to an indenture dated 19 July 2023, by and among others, the issuer, the company, Deutsche Trustee Company Limited, as trustee, Deutsche Bank Trustee Company Americas, as collateral agent, and the other parties stipulated in the indenture.
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.
Morimor’s team included partner Roberto Vidal (pictured).
