Codere is a Spanish multinational group in the private gaming sector. It is the only Spanish company in the gaming industry that is publicly traded.
Codere went through a restructuring in 2016 via a UK Scheme of Arrangement whereby the existing notes were restructured into two senior secured notes issuances governed under a NY law Indenture.
Structure and Amount
US$ 300 million 7.625% notes due in 2021
US$ 500 million 6.50% notes due in 2021
Tenor: 5 years
Security: share pledges over various group companies in Luxembourg, Spain, Brazil, Argentina and Italy
Trustee and Security Agent (London office) and Registrar and Transfer Agent (NY office)
- Ability to take security in multiple jurisdictions
- The specialist skills of our team to actively manage the transaction and rapidly turn around the documentation, saving unnecessary costs and interest
- Spanish speakers in-house