Simpson Thacher represented LHMC Finco 2 S.à r.l. (“LHMC Finco 2”) in connection with a Rule 144A and Regulation S offering of €600 million Senior Secured PIK Toggle Notes due 2030. The bond offering closed on May 12, 2025.
The proceeds from the offering were used to redeem in full LHMC Finco 2’s outstanding Senior Secured PIK Toggle Notes due 2025, to partially redeem Cirsa’s outstanding Floating Rate Senior Secured Notes due 2028 and to repay borrowings under Cirsa’s revolving credit facility, in each case including accrued and unpaid interest thereon, to pay fees and expenses in connection with the foregoing transactions, and for general corporate purposes.
LHMC Finco 2 is the owner of Cirsa Enterprises and an indirectly owned subsidiary of Blackstone Inc.
The Simpson Thacher team included Carol Daniel, Srishti Gupta, Eugenia Repetto, Yun Kei Chow and Lampros Anastasopoulos (Capital Markets); and Michael E. Mann and Jacob B. Chefitz (Tax).