Media Coverage
Source: Law360
Media Coverage
12.08.14
Pillsbury advised gaming services company Global Cash Access Holdings Inc. on matters related to a $700 million note offering the company announced Dec. 5. The company is offering the note to back its $1.2 billion acquisition of Multimedia Games Holding Co. Inc., announced in September. The buyout prompted a class action lawsuit from Multimedia shareholders who believe the deal undervalued the casino games maker; Pillsbury also is representing GCA in relation to the lawsuit.
GCA will sell the senior secured notes in a private offering, with half due in 2021 and half due in 2022. The company says it will use proceeds from the offering to pay down debt and to cover expenses connected to the Multimedia Games acquisition.
Corporate & Securities – Tech partner Christian Salaman led the Pillsbury work on GCA’s note offering, with assistance from associate David Ajalat. The team handling the class action suit includes partner Sarah Good, partner Sam Stubbs, senior associate Nathaniel Smith and associates Dorothy Kaslow and Nicholas Krohn.