Cirsa Finance International is a subsidiary of the multinational gaming company of Cirsa Enterprises has issued senior secured bonds for $707.7m operation. This was carried out in 2 separate tranches first in senior guaranteed bonds for $489.92m and senior floating rates notes for $217.7m.
Cirsa is owned by Blackstone and operate and manufactures slot machines present in Spain, Italy, Panama, Colombia, Mexico, Costa Rica and Peru.
Tapia Linares y Alfaro (Talial) acted as legal counsel to Deutsche Bank stock exchange throughout the process. The team included Fernando A. Linare and Ronie Moreno.
They reviewed the licenses and permits of the Panamanian subsidiary guarantor and the transaction documents as well as drafted a share pledge agreement. They then issued the corresponding legal opinions which covered the capacity of the Panamanian subsidiary guarantor in order to execute and deliver the document of Panama law relating to the Offering.