Brightstar Lottery has launched a tender offer for its outstanding €500 million 2.375% senior secured notes due 2028 and announced a benchmark offering of new euro-denominated senior secured notes due 2032. The company will offer €990 per €1,000 principal amount for any and all Regulation S interests in the existing notes, plus accrued and unpaid interest. Proceeds from the new notes will fund the tender offer, repay borrowings under its senior revolving credit facilities, and cover related fees and expenses, with the aim of extending the weighted average maturity of its debt. The tender offer is expected to complete on September 18.
Brightstar Lottery PLCCompany launches tender offer and new notes to extend debt maturity, improving financial profile.