Tapia, Linares y Alfaro (“Talial”) through Linklaters LLP, London, advised a group of Banks on a high yield bond offering by means of which Blackstone would finance a portion of the acquisition price of Cirsa Gaming Corporation S.A (“Cirsa”). LHMC Finco S.à r.l., a Blackstone special purpose vehicle, has completed a Rule 144A and Regulation S offering of €1.5 billion (equivalent) of euro denominated and dollar denominated Senior Secured Notes.

Talial first assisted the Blackstone Group, through Urina Menendez, London, with multi-jurisdictional legal due diligence regarding Cirsa and a selected number of its direct or indirect subsidiaries. Talial performed legal due diligence on all of Cirsa Gaming Corporation’s Panamanian subsidiaries and assisted Blackstone in obtaining the necessary governmental authorizations and all Panama Law related matters.

Later, Talial was also contacted by Linklaters LLP, London, to advise the group of Banks (initial purchaser) involved in the transaction on Panama Law related matters and the issuance of bonds.

Talial’s  Due Diligence M&A team was led by Fernando A. Linares, with the assistance of  Eloy Alfaro de Alba, both partners of the firm, and other firms’ experts in the corporate, regulatory, labour, taxation, intellectual property, real state and compliance fields, among others. Partners Eloy Alfaro de Alba and Fernando A. Linares also assisted with the financing part of the transaction (bond issue).