International edition
September 26, 2020

Net proceeds to be used to repay other indebtedness and to pay fees and expenses

CIRSA announces launch of 280 million euros of its 8.750% senior notes due 2018

(Spain).- Cirsa Gaming Corporation announced that its direct, wholly owned finance subsidiary, Cirsa Funding Luxembourg, has launched an offering of 280 million euros of its 8.750% Senior Notes due 2018.

T

he Senior Notes being offered will be additional notes under the indenture governing the existing 400 million euros of 8.750% Senior Notes due 2018 issued on May 5, 2010, and will have the same terms as the existing Senior Notes.

The net proceeds from the offering, if completed, will be used to redeem the outstanding 230 million euros principal amount of the 7.875% Senior Notes due 2012 issued by Cirsa Capital Luxembourg, a wholly owned finance subsidiary of Cirsa, to repay other indebtedness and to pay fees and expenses.

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