Roberto Vidal and Katia Pallares

Morimor counsels Cirsa Finance on senior Notes issue

Morgan & Morgan Legal has counselled Cirsa Finance International in Panama in connection with the offering pursuant to the final offering memorandum dated 30 January 2024 of €650,000,000 aggregate principal amount of Senior Secured Notes consisting of €450,000,000 6.500% Senior Secured Notes due 2029 and €200,000,000 Floating Rate Senior Secured Notes due 2028.

The Notes were guaranteed by the Issuer’s direct parent, Cirsa Enteprises, and, among others, Gaming & Services de Panamá, (the “Panamanian Subsidiary Guarantor”, and together with the other guarantors, the “Guarantors”) and to the Sale and Purchase Agreement dated 30 January 2024 entered into between the Issuer, the Company, the Initial Purchasers listed therein and certain subsidiary guarantors listed therein.

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 consisted of partner Roberto Vidal (pictured left) and associate Katia Pallares (pictured right).

L Giselle Estrada

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