Cirsa extends a millionaire revolving credit in Euros
Friday 15 de November 2024 / 12:00
2 minutos de lectura
(Barcelona).-The origin of this credit is in an agreement from 2018 and which was updated in 2020 and 2022. The loan can be used for corporate matters, acquisitions and working capital
The multinational gaming and leisure company Cirsa has reached an agreement to extend the maturity of a revolving loan of 275 million euros. In this way, the company achieves a margin of three extra years for a loan – not yet drawn down – whose maturity was scheduled for the end of 2026.
The origin of this credit is in an agreement from 2018 and which was updated in 2020 and 2022. The loan can be used for corporate matters, acquisitions and working capital.
This new operation joins the issuance of bonds worth 600 million at the beginning of the year to restructure the company's liabilities. Cirsa, owned by Blackstone, had leverage of 3.87 times gross operating profit (ebitda) as of September. In total, there is 2,598 million of net debt, 15% more than in the same period last year.
The Terrassa-based company is studying a possible IPO that could facilitate the reduction of its leverage. If it is finally carried out, the company estimates that it could reduce the liability up to 2.75 times.
The multinational recorded a drop in net income of 68% until the third quarter, with 16 million in profits, due to higher financial costs and an adjustment in income tax. EBITDA stood at 508 million, which represents an increase of 8.7%. The company recorded an 8% increase in revenue, up to 1,564 million.
Categoría:Legislation
Tags: CIRSA,
País: Spain
Región: EMEA
Event
Peru Gaming Show 2025
18 de June 2025
Peru Gaming Show 2025: ProntoPaga's Yape One Click revolutionizes digital payments in the gaming sector
(Lima, SoloAzar Exclusive).- During PGS 2025, the International Gaming Fair held in Peru's capital, Karina Sensebé Quevedo, ProntoPaga's Sales Manager in Peru, presented "Yape One Click," the new feature that promises to transform the payment experience with a single touch. Here are the main points of her presentation and what this innovation means for the industry.
Tuesday 01 Jul 2025 / 12:00
America Simulcast Drives Innovation in Horse Betting and Wins Over the Crowd at Peru Gaming Show 2025
(Lima, SoloAzar Exclusive) – Jefferson Pernudi, Product Manager at America Simulcast, stated that growing interest in the Peruvian market for international racing products and technology solutions tailored to both retail and digital sectors motivated the company to participate in the Peru Gaming Show. Read more in this interview.
Monday 30 Jun 2025 / 12:00
Strong return for Amatic Industries at Peru Gaming Show 2025
(Austria).-Amatic Industries has made a remarkable comeback at this year’s Peru Gaming show, which took place from 18 – 19 June. The company’s return to PGS was met with strong interest, positive feedback and promising new business opportunities.
Thursday 26 Jun 2025 / 12:00
SUSCRIBIRSE
Para suscribirse a nuestro newsletter, complete sus datos
Reciba todo el contenido más reciente en su correo electrónico varias veces al mes.