Blackstone’s €1.5 Billion Acquisition Financing for Cirsa Gaming

Simpson Thacher advised Blackstone on a high yield bond offering to finance a portion of the acquisition price of Cirsa Gaming Corporation S.A. LHMC Finco S.à r.l., a Blackstone special purpose vehicle, has completed a Rule 144A and Regulation S offering of €1.5 billion (equivalent) of euro denominated and dollar denominated Senior Secured Notes.

Cirsa Gaming Corporation S.A. is a leading gaming company in Spain, Italy and a number of countries in Latin America, engaged in the operation of slot machines, casinos and bingo halls, and the manufacture of slot machines and gaming kits for the Spanish market.

The Simpson Thacher team for the high yield bond offering included Gil Strauss (Picture), Uma Sud, Emily Nordin, Pieter Lavens and Alice Prinsley.


Involved fees earner: Gil Strauss – Simpson Thacher & Bartlett; Uma Sud – Simpson Thacher & Bartlett; Emily Nordin – Simpson Thacher & Bartlett; Pieter Lavens – Simpson Thacher & Bartlett; Alice Prinsley – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: Blackstone;