NEW ISSUE: Brightstar Lottery PLC €500m 6NC2 Snr Sec
HYC European Market: Deal Flow - General
Issuer
Term
Call
Maturity
Size
Ranking
Type
Brightstar Lottery PLC
6NC2
2
Sep-32
€500m
Snr Sec
Fixed
Issuer:Brightstar Lottery PLC
Ticker: BRSL
Guarantors: Brightstar Global Solutions Corporation, Brightstar Lottery S.p.A., Brightstar Lottery Holdings B.V. and Brightstar Lottery Foreign Holdings Corporation
Business Description: Brightstar is a premier pure play and global leader in lottery focused on innovation and serving nearly 90 lottery customers and their players on six continents. The Company is the primary technology provider to 26 of the 46 lottery jurisdictions in the U.S. and eight of the world's 10 largest lotteries with central systems. HQ: London, UK.
Issuer LEI: 549300UQ6KHRCZDRGZ76
Corporate Ratings: Ba1 (Stable) / BB+ (Stable)
Expected Issue Ratings: Ba1 / BB+
Use of Proceeds: Refinance indebtedness including the concurrent tender offer for EUR300m Reg S portion of its EUR500m 2.375% Senior Secured Notes due Apr-28 (99.00 tender price), refinance EUR200m of the EUR530m drawn on its Revolving Credit Facilities and pay certain fees, costs and expenses incurred in connection with the transaction
Size: €500m
Ranking: Senior Secured Notes
Format: Reg S Only
Maturity: 6-year (Sep-32)
Optional Redemption: NC2 (MWC T+50bp) (50/25/par)
Coupon: Fixed, 30/360 (ISMA)
Change of Control: Put @ 101% upon Change of Control
Listing: GEM Euronext Dublin
Clearing: Clearstream and Euroclear
Governing Law: New York
Denominations: €100,000 x €1,000
Joint Global Coordinators and Physical Bookrunners: CACIB (B&D), ING
Target Market: MiFID II and UK MiFIR – professionals/ECPs-only / No PRIIPs or UK PRIIPs KID – Manufacturer target market (MiFID II and UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No PRIIPs or UK PRIIPs key information document (KID) has been prepared as not available to retail in EEA or UK.
Global Investor Call: 08-Sep-26 10:00AM UKT / 11:00AM CET