"Linklaters Advises on Cirsa's €1bn High Yield Refinancing"

"Linklaters has advised underwriters on Cirsa's €1 billion high yield refinancing, which includes both fixed and floating rate notes. This follows Linklaters' earlier involvement in Cirsa's €2.5 billion IPO and €600 million high yield PIK refinancing. Cirsa is a leading multinational gaming and entertainment company, publicly listed in Spain and majority-owned by Blackstone. The advisory team included partners from various Linklaters offices, focusing on high yield, U.S. tax matters, and other legal aspects."

Linklaters has advised the underwriters in Cirsa’s high yield refinancing transaction, which involved an aggregate principal amount of €1 billion and included both fixed and floating rate notes. Earlier this year, Linklaters also played a role in Cirsa’s €2.5 billion IPO and €600 million high yield PIK refinancing. Cirsa is a multinational leader in gaming and entertainment, operating in 11 countries and offering a diverse range of gaming options, including casinos, bingo, gaming halls, slot machines, and online betting. The company is publicly listed on the Barcelona, Bilbao, Madrid, and Valencia Stock Exchanges and is majority-owned by Blackstone, a prominent global investment firm. The legal team from Linklaters involved in this transaction included partners Alek Naidenov and Pathik Gandhi, along with associate Juan Diego Tibaduiza. The Spanish team was led by partners Pablo Medina and Jorge Alegre, with counsel Omer Harel and senior associate Allan Paul Talde providing advice on U.S. tax matters. Additionally, the Milan and Luxembourg teams were led by partners Ettore Consalvi and Melinda Perera, respectively.

"Linklaters Advises on Cirsa's €1bn High Yield Refinancing"

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