by Stephen Carter
May 01, 2025 7:53 AM ET
LHMC Finco 2 Sarl (Cirsa)(LHMCFI) EUR320m 144A/Reg S sr sec PIK toggle notes due 2030 (5y). NC1 (MWC B+50bp) (102, 101, par). --/B- (--/stable). Via DB (B&D) physical books/Barc/BBVA/Jefferies/MS/SocGen/UBS jt glocos and books. No reg rights. List Lux. NY law. PIK interest at company option if certain conditions are met on May 15 and Nov 15, starting 11/15/25. CoC at 101.
IPT: 8.75% area (+/-0.125%).
Roadshow (virtual small group meetings) 05/01 (investor call at 10:30am UKT 05/01). UOP: redeem its EUR306m 7.25%/8.25% sr sec PIK toggle notes due 10/02/25 (callable at 100). Equity sponsor: Blackstone. Biz: a direct holding company of Cirsa, a global gaming company with presence in Spain and Italy and a number of countries in Latin America, and leading positions in the operation of casinos & gaming halls, slot route operations and online gaming and betting. HQ: Terrassa, Barcelona, Spain.
Netroadshow link: Link: Link: https://www.netroadshow.com/nrs/home/#!/?show=bcc93f66 (entry code Cirsa5712).