Brightstar Lottery prices €500M 4.875% notes
Brightstar Lottery PLC (BRSL) announced the successful pricing of €500,000,000 of 4.875% Senior Secured Notes due 2032, to be issued by Brightstar and guaranteed on a senior basis by certain wholly owned subsidiaries.
Rhea-AI Filing Summary
Brightstar Lottery PLC (BRSL) announced the successful pricing of €500,000,000 of 4.875% Senior Secured Notes due 2032, to be issued by Brightstar and guaranteed on a senior basis by certain wholly owned subsidiaries. The Notes were priced at 99.360% of their nominal amount and application has been made for listing on the Official List of Euronext Dublin and trading on its Global Exchange Market. Settlement is subject to customary closing conditions and is expected on September 17, 2026.
Brightstar intends to use the gross proceeds to pay the purchase price and accrued interest for Regulation S interests in its outstanding 2.375% Senior Secured Notes due 2028 under a tender offer announced on September 8, 2026, to repay utilizations under its senior revolving credit facilities, and to pay related fees and expenses.
Positive
- None.
Negative
- None.
Key Figures
Notes principal amount: €500,000,000
Coupon rate: 4.875%
Issue price: 99.360% of nominal amount
+5 more
8 metrics
Notes principal amount
€500,000,000
Principal amount of 4.875% Senior Secured Notes due 2032
Coupon rate
4.875%
Interest rate on Senior Secured Notes due 2032
Issue price
99.360% of nominal amount
Pricing of the 2032 Senior Secured Notes
Maturity year
2032
Maturity of newly issued Senior Secured Notes
Expected settlement date
September 17, 2026
Anticipated settlement of the 2032 notes offering
Existing notes coupon
2.375%
Coupon on outstanding Senior Secured Notes due 2028 targeted by tender offer
Lottery customers served
nearly 90
Lottery customers served on six continents
Employees
approximately 6,000
Company workforce size
Key Terms
Senior Secured Notes, Regulation S, MiFID II, PRIIPs Regulation, +2 more
6 terms
Senior Secured Notes financial
"Brightstar announced the successful pricing of €500,000,000 4.875% Senior Secured Notes due 2032"
Senior secured notes are loans a company sells to investors that are backed by specific assets and given first priority for repayment if the company defaults. Because they have a claim on collateral and are paid before other debts, they usually offer lower risk and correspondingly lower interest than unsecured debt; investors use them to judge how safe repayment and recovery of principal might be, like holding a mortgage instead of an unsecured credit card balance.
Regulation S regulatory
"to pay the purchase price for the Regulation S interests in its outstanding 2.375% Senior Secured Notes"
Regulation S is a set of rules that allows companies to sell securities (like shares or bonds) to investors outside the United States without having to follow all U.S. securities laws. It matters because it makes it easier for companies to raise money from international investors while still complying with U.S. regulations.
MiFID II regulatory
"Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only"
MiFID II is a set of rules in Europe that aims to make financial markets more transparent and fair. It requires banks and investment firms to clearly explain their services and costs to clients, helping people make better-informed decisions when investing their money.
PRIIPs Regulation regulatory
"no key information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation")"
The PRIIPs regulation is a set of rules designed to help individual investors understand the risks and potential rewards of complex financial products, such as investment funds and insurance-based investments. It requires providers to present clear, standardized information—similar to a nutrition label—so investors can compare options easily and make informed decisions. This regulation aims to increase transparency and protect consumers in the financial market.
Financial Promotion Order regulatory
"investment professionals as defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005"
A financial promotion order is a regulator-issued instruction that stops, corrects, or controls public communications about financial products or services when those communications are misleading, false, or unfair. Think of it like a temporary injunction or a product recall for advertising: it limits what a company can say to the public. For investors this matters because such an order can reduce market visibility, signal regulatory concern, and quickly affect a firm’s reputation and stock price.
qualified investors regulatory
"addressed to and directed at persons who are "qualified investors" within the meaning of Article 2(e)"
Qualified investors are individuals or institutions that meet regulatory standards—such as a minimum income, net worth, or professional expertise—allowing them access to investment opportunities not open to the general public. Think of them as a financial "VIP" group: they can buy private deals, complex products, or early-stage securities that may offer higher returns but also carry greater risk and less public information, so their status matters because it changes what investments are available and what protections apply.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What type and size of notes has Brightstar Lottery PLC (BRSL) priced?
Brightstar has priced €500,000,000 of 4.875% Senior Secured Notes due 2032, to be issued by the company and guaranteed on a senior basis by certain of its wholly owned subsidiaries.
At what price were Brightstar Lottery (BRSL) 2032 notes issued?
The 4.875% Senior Secured Notes due 2032 were priced at 99.360% of their nominal amount, according to Brightstar Lottery PLC.
How will Brightstar Lottery PLC (BRSL) use the €500 million note proceeds?
Brightstar intends to use the gross proceeds to pay the purchase price and accrued interest for Regulation S interests in its 2.375% Senior Secured Notes due 2028, repay utilizations under its senior revolving credit facilities, and pay related fees and expenses.
When is settlement of Brightstar Lottery (BRSL) 2032 notes expected?
Settlement of the 4.875% Senior Secured Notes due 2032 is expected to occur on September 17, 2026, subject to customary market and other closing conditions.
Where will Brightstar Lottery PLC (BRSL) 2032 notes be listed and traded?
Application has been made for the notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.
What existing Brightstar Lottery (BRSL) debt is targeted by the tender offer?
The proceeds will help fund a tender offer for Regulation S interests in Brightstar’s outstanding 2.375% Senior Secured Notes due 2028, along with accrued and unpaid interest on those notes.
Are Brightstar Lottery PLC (BRSL) 2032 notes being offered in the United States?
No. The company states the notes are not being offered or sold in the United States and have not been, and will not be, registered under the U.S. Securities Act of 1933 or U.S. state securities laws.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE
SECURITIES EXCHANGE ACT OF 1934
For the month of September 2026
Commission File Number 001-36906
BRIGHTSTAR LOTTERY PLC
(Translation of registrant’s name into English)
2 and 3 Eldon Street, Fifth Floor
London EC2M 7LS
United Kingdom
(Address of principal executive offices)
| Indicate by checkmark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: | |||||||||||
| Form 20-F | ☒ | Form 40-F | ☐ | ||||||||
Brightstar Lottery PLC Announces Successful Pricing of €500,000,000 of Senior Secured Notes Due 2032
On September 9, 2026, Brightstar Lottery PLC (NYSE: BRSL) (the “Company”) announced the successful pricing of €500,000,000 4.875% Senior Secured Notes due 2032 (the “Notes”) to be issued by the Company and to be guaranteed on a senior basis by certain of the Company's wholly owned subsidiaries. The Notes were priced at 99.360% of their nominal amount. Application has been made for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.
Settlement of the Notes is subject to customary market and other closing conditions and is expected to occur on September 17, 2026.
The Company intends to use the gross proceeds from the sale of the Notes (i) to pay the purchase price for the Regulation S interests in its outstanding 2.375% Senior Secured Notes due 2028 pursuant to the tender offer announced by the Company on September 8, 2026 and accrued and unpaid interest thereon, (ii) to repay utilizations under its senior revolving credit facilities and (iii) to pay fees and expenses incurred in connection with the offering and sale of the Notes and the tender offer.
A copy of the news release relating to the above matters is set forth in Exhibit 99.1, which is being furnished herewith and incorporated by reference herein.
Exhibit Number | Description | |||||||
99.1 | News Release “Brightstar Lottery PLC Announces Successful Pricing of €500,000,000 of Senior Secured Notes Due 2032” dated September 9, 2026. | |||||||
2
EXHIBIT INDEX
Exhibit Number | Description | |||||||
99.1 | News Release “Brightstar Lottery PLC Announces Successful Pricing of €500,000,000 of Senior Secured Notes Due 2032” dated September 9, 2026. | |||||||
3
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: September 9, 2026 | BRIGHTSTAR LOTTERY PLC | |||||||
| By: | /s/ Pierfrancesco Boccia | |||||||
| Pierfrancesco Boccia | ||||||||
| Corporate Secretary | ||||||||
4
NEWS RELEASE
Brightstar Lottery PLC Announces Successful
Pricing of €500,000,000 of Senior Secured Notes Due 2032
LONDON – September 9, 2026 – Brightstar Lottery PLC (NYSE:BRSL) ("Brightstar") announced the successful pricing of €500,000,000 4.875% Senior Secured Notes due 2032 to be issued by Brightstar and to be guaranteed on a senior basis by certain of Brightstar's wholly-owned subsidiaries (the "Notes"). The Notes were priced at 99.360% of their nominal amount. Application has been made for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.
Settlement of the Notes is subject to customary market and other closing conditions and is expected to occur on September 17, 2026.
Brightstar intends to use the gross proceeds from the sale of the Notes (i) to pay the purchase price for the Regulation S interests in its outstanding 2.375% Senior Secured Notes due 2028 pursuant to the tender offer announced by Brightstar on September 8, 2026 (the "Tender Offer") and accrued and unpaid interest thereon, (ii) to repay utilizations under its senior revolving credit facilities and (iii) to pay fees and expenses incurred in connection with the offering (the "Offering") and sale of the Notes and the tender offer.
The Notes are not being, and will not be, offered or sold in the United States. Nothing in the offering memorandum relating to the Offering (the "Offering Memorandum") constitutes an offer to sell or the solicitation of an offer to buy the Notes in the United States or any other jurisdiction. The Notes may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The Notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act).
MiFID II Product Governance / Professional Investors and ECPs Only Target Market – Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No key information document has been prepared as the Notes are not available to retail investors in the European Economic Area (the "EEA").
The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of
MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the "PRIIPs Regulation") for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
U.K. MiFIR Product Governance / Professional Investors and ECPs Only Target Market – Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No disclosure document has been prepared as the Notes are not available to retail investors in the United Kingdom.
The Notes are not intended to be offered, sold, distributed or otherwise made available to and should not be offered, sold, distributed or otherwise made available to, any retail investor in the United Kingdom. For these purposes, a retail investor means a person who is either one (or both) of the following: (i) not a professional client as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA"); or (ii) not a "qualified investor" as defined in paragraph 15 of Schedule 1 of the Public Offers and Admissions to Trading Regulations 2024. Consequently, no disclosure document required by the FCA Product Disclosure Sourcebook ("DISC") for offering, selling or distributing the Notes or otherwise making them available to retail investors in the United Kingdom may be unlawful under DISC and the Consumer Composite Investments (Designated Activities) Regulations 2024. References to Regulations or Directives include, in relation to the United Kingdom, those Regulations or Directives as they form part of United Kingdom domestic law by virtue of the EUWA or have been implemented in United Kingdom domestic law, as appropriate.
No action has been or will be taken in any jurisdiction in relation to the Notes to permit a public offering of securities.
OFFER AND DISTRIBUTION RESTRICTIONS
Neither this news release nor the Offering Memorandum constitutes an offer to sell, or a solicitation of an offer to buy, any security, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
The distribution of this news release and the Offering Memorandum into certain jurisdictions may be restricted by law. Persons into whose possession this news release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
United Kingdom
The communication of this news release, the Offering Memorandum and any other documents or materials relating thereto is not being made, and such documents or materials have not been approved, by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000, as amended (the "FSMA"). Accordingly, such documents or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents or materials is exempt from the restriction on financial
-2-
promotions under Section 21 of the FSMA on the basis that it is only directed at and may be communicated to (i) persons who have professional experience in matters relating to investments, being investment professionals as defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Financial Promotion Order"); (ii) persons who fall within Article 43(2) of the Financial Promotion Order; or (iii) any other persons to whom these documents or materials may lawfully be made under the Financial Promotion Order. Any investment or investment activity to which this news release or the Offering Memorandum relates is available only to such persons or will be engaged only with such persons and other persons should not rely on it.
European Economic Area
In member states of the EEA, this news release and the Offering Memorandum is only addressed to and directed at persons who are "qualified investors" within the meaning of Article 2(e) Regulation (EU) 2017/1129 (as amended), together with any applicable implementing measures in any Member State. The Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with qualified investors. This news release should not be acted upon or relied upon in any member state of the EEA by persons who are not qualified investors.
Italy
None of the Offering, this news release or any other document or materials relating to the Offering have been or will be submitted to the clearance procedures of the Commissione Nazionale per le Società e la Borsa ("CONSOB") pursuant to Italian laws and regulations. The Offering is being carried out in Italy as an exempted offer pursuant to Article 101-bis, paragraph 3-bis of Legislative Decree No. 58 of February 24, 1998, as amended, and Article 35-bis, paragraph 3 of CONSOB Regulation No. 11971 of 14 May 1999, as amended.
About Brightstar Lottery PLC
Brightstar Lottery PLC (NYSE:BRSL) is a global leader in lottery focused on innovation and forward-thinking strategies and solutions, building on our renowned expertise in delivering secure technology and producing reliable, comprehensive solutions for our customers. As a premier pure play global lottery company, our best-in-class lottery operations, retail and digital solutions, and award-winning lottery games enable our customers to achieve their goals, entertain players and distribute meaningful benefits to communities. Brightstar has a well-established local presence and is a trusted partner to governments and regulators around the world, creating value by adhering to the highest standards of service, integrity, and responsibility. Brightstar serves nearly 90 lottery customers and their players on six continents. It 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. Brightstar has approximately 6,000 employees. For more information, please visit www.brightstarlottery.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning Brightstar Lottery PLC and its consolidated subsidiaries (the "Company") and other matters. All statements, other than statements of
-3-
historical facts, included in this news release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall," "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements represent management's good faith expectations, projections, guidance or beliefs concerning future events, and it is possible that the results described in this news release will not be achieved. Specifically, the Company cannot assure you that the proposed transactions described above, including the successful completion of the Offering and the Tender Offer or, in the case of the Offering, will be made on the terms the Company currently contemplates, if at all. Information concerning these risks and other factors can be found in the Offering Memorandum and the tender offer memorandum with respect to the Tender Offer and the documents filed or furnished by the Company from time to time with the SEC, including the Company's latest annual report on Form 20-F, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.brightstarlottery.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that may affect the Company's business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to the Company, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.
Contact:
Mike DeAngelis, Corporate Communications, +1 (401) 392-1000, mike.deangelis@brightstarlottery.com
Matteo Selva, Italian media inquiries, +39 366 6803635
James Hurley, Investor Relations, +1 (401) 392-7190
© 2026 Brightstar Lottery PLC
-4-