Milbank, Tweed, Hadley & McCloy LLP advised Eldorado Resorts, Inc. in its acquisition of Isle of Capri Casinos, Inc. in a cash and stock transaction with a value of approximately $2.0 billion. The combination creates a premiere, diversified regional gaming platform with nineteen gaming facilities in 10 states. Milbank also represented Eldorado in $2.1 billion of debt financing raised to fund the cash consideration paid in the merger and refinance all of Isle of Capri’s outstanding debt and Eldorado’s credit facility.
The Milbank team advising Eldorado was led by Corporate partners Deborah Conrad and Ken Baronsky and associates Jason Anderson, Jack Goodfriend and Sae Yun; Finance of counsel David Isenberg and associates Natalie Chitayat and Kim Covington; Tax partners Russell Kestenbaum and Andrew Walker, special counsel Max Goodman and associate Archan Hazra; Real Estate associate Raad Shawaf; Executive Compensation and Employee Benefits partner Mike Shah and associates Nicholas DeLuca and Christina Skaliks; and Intellectual Property associate Javier Ramos.
