The buyback, which targets the 2.375% notes, leaves an outstanding principal balance of €157.8 million for the remaining securities. Settlement of the transaction is scheduled for September 18, 2026, contingent upon the completion of customary closing conditions.
In section Releases
Brightstar Lottery to Retire €342 Million in Debt
Brightstar Lottery PLC has secured the tender of €342.2 million in senior secured notes, representing a significant portion of its €500 million debt obligation due in 2028. The company confirmed that all validly submitted interests will be accepted for purchase following the expiration of the offer on September 15.
Funding for the repurchase—along with accrued interest—draws from the proceeds of the company's recently priced €500 million 4.875% senior secured notes due 2032. That new issuance is slated to settle one day earlier, on September 17. Deutsche Bank AG and Banco Santander acted as joint lead dealer managers for the tender process, with support from Crédit Agricole and ING Bank.
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