Simpson Thacher represented Cirsa Enterprises, S.A. (“Cirsa”), a leading gaming company in Spain, Italy and a number of countries in Latin America publicly listed on the Barcelona, Bilbao, Madrid and Valencia Stock Exchanges, in connection with a Rule 144A and Regulation S offering by its subsidiary of €1,000 million aggregate principal amount of €575 million 4.875% Senior Secured Notes due 2031 and €425 million Floating Rate Senior Secured Notes due 2032. The offering closed on October 25, 2025.
The proceeds from the offering were used, together with cash on balance sheet, to redeem in full Cirsa’s existing notes due 2027.
The Simpson Thacher team included Carol Daniel, Srishti Gupta, Eugenia Repetto, Yun Kei Chow, Lampros Anastasopoulos and Lionel Schor (Capital Markets); and Michael E. Mann and Mitchell Li (Tax).