Cirsa’s €390 Million Senior Secured Notes

Simpson Thacher, Orsingher Ortu and Morgan & Morgan represented Cirsa Enterprises, S.L.U. in connection with a Rule 144A and Regulation S offering by its subsidiary of €390 million 4.75% Senior Secured Notes due 2025.

The proceeds from the offering are expected to be used to finance add-on acquisitions, for general corporate purposes and to pay fees and expenses in connection with the transactions.

Cirsa 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 included Gil J. Strauss (Picture), Uma Sud and Alice Prinsley (Capital Markets); Antti I. Pesonen, Kavita Davis and Harriet Bamford (Credit); and Meredith B. Jones and Kelli Rivers (Tax).

Orsingher Ortu – Avvocati Associati advised Cirsa with a team led by partner Pierfrancesco Giustiniani and Manfredi Leanza, assited by associate Federica Paniz, Elisa Cappellini and Francesco Senesi.

Morgan & Morgan advised Cirsa Enterprises S.L.U. in Panama with a team including Francisco Arias, Roberto Vidal  and Cristina De Roux.

Involved fees earner: Francisco Arias – Morgan & Morgan; Cristina De Roux – Morgan & Morgan; Roberto Vidal – Morgan & Morgan; Elisa Cappellini – Orsingher Ortu – Avvocati Associati; Pierfrancesco Giustiniani – Orsingher Ortu – Avvocati Associati; Manfredi Leanza – Orsingher Ortu – Avvocati Associati; Federica Paniz – Orsingher Ortu – Avvocati Associati; Francesco Senesi – Orsingher Ortu – Avvocati Associati; Harriet Bamford – Simpson Thacher & Bartlett; Kavita Davis – Simpson Thacher & Bartlett; Meredith Jones – Simpson Thacher & Bartlett; Antti Pesonen – Simpson Thacher & Bartlett; Alice Prinsley – Simpson Thacher & Bartlett; Kelli Rivers – Simpson Thacher & Bartlett; Gil Strauss – Simpson Thacher & Bartlett; Uma Sud – Simpson Thacher & Bartlett;

Law Firms: Morgan & Morgan; Orsingher Ortu – Avvocati Associati; Simpson Thacher & Bartlett;

Clients: Cirsa Enterprises;