Cirsa upsizes credit agreement to €275 million, extends maturity

By Mary-Katherine Stinson

Lexington, Ky., Aug. 8 – Spanish gaming and leisure concern Cirsa Enterprises SLU, formerly LHMC Bidco SLU, reached an agreement to amend and restate its existing revolving facility agreement to upsize the total commitments to €275 million from €200 million and extend its maturity, according to an announcement.

The agreement has been extended to mature on Dec. 15, 2026 from its original maturity date of June 2, 2023 subject to certain early termination conditions.

The agreement was originally dated June 22, 2018.

The Madrid-based gaming company says it may use the proceeds for financing or refinancing general corporate purposes and/or working capital purposes of Cirsa and its subsidiaries.

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