Brightstar Lottery launches benchmark offering of euro-denominated senior secured notes due 2032
BRSL•Tender for 2028 notes and debt maturity extension
Proceeds are earmarked to fund a tender for Regulation S interests in its EUR 500 million 2.375% senior secured notes due 2028.
The cash tender price is set at EUR 990 per EUR 1,000 principal, plus accrued interest, with a tender deadline of 4:00 p.m. London time on Sept. 15. Settlement is expected on Sept. 18, subject to completion of the new-notes financing.
The transaction targets a longer weighted-average debt maturity, and remaining proceeds will be used to repay revolving credit facility drawings.
New euro-denominated senior secured notes offering
Brightstar Lottery launched a benchmark offering of euro-denominated senior secured notes due 2032.
