Brightstar Lottery PLC Announces Results of Tender Offer
Brightstar Lottery announced the results of its cash tender offer for the Regulation S interests in its €500,000,000 2.375% Senior Secured Notes due 2028, with €342,207,000 in aggregate principal validly tendered by the September 15 deadline — roughly 68% of the offered amount. The company intends to accept all tendered interests, leaving €157,793,000 of the 2028 notes outstanding after the September 18 settlement. The purchase, plus accrued interest, will be funded with a portion of proceeds from the recently priced €500,000,000 4.875% Senior Secured Notes due 2032, which are expected to settle September 17.
Key figures
- New notes coupon
- 4.875%
- New notes maturity
- 2032
- Principal tendered
- €342,207,000
- New notes principal
- €500,000,000
- Original notes coupon
- 2.375%
- Tender settlement date
- 2026-09-18
- Original notes maturity
- 2028
- Original notes principal
- €500,000,000
- New notes settlement date
- 2026-09-17
- Outstanding after settlement
- €157,793,000
AI analysis
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