Cravath represented Gala Group Finance plc and Gala Electric Casinos plc in connection with their £350 million 144A/Reg. S high-yield senior secured debt offering and £275 million 144A/Reg. S high-yield senior debt offering. Gala Group Finance and Gala Electric Casinos are subsidiaries of Gala Coral Group Limited, one of Europe’s pre-eminent gaming and gambling groups. The transaction closed on May 27, 2011.
The Cravath team included partner Philip J. Boeckman.