Brightstar Lottery Secures US$650m and €1bn Revolving Credit Facilities to Refinance Debt

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On March 30, 2026, Brightstar Lottery PLC entered into a new senior secured multicurrency revolving credit facilities agreement totaling US$650 million and €1.0 billion, with a five-year maturity and pricing linked to Term SOFR and EURIBOR plus a margin that varies with its public credit ratings. The facilities, which include a US$98 million swingline and letter-of-credit sub-limits, are guaranteed by key subsidiaries, secured on shares in Brightstar Lottery S.p.A. and certain intercompany loans and receivables, and governed by leverage and interest coverage covenants that are no more restrictive than the company’s previous arrangements.

In connection with the new facilities, Brightstar Lottery amended its existing €1.0 billion Italian term loan agreement dated March 14, 2025 to align covenant terms across its main credit lines, and plans to use part of the new borrowing capacity to fully repay a €200 million term loan due 2027 and cancel a legacy US$650 million/€800 million revolving credit facility. The refinancing package strengthens the group’s liquidity profile, simplifies its capital structure and covenant framework, and provides flexible funding for general corporate purposes, potentially enhancing financial resilience and supporting its positioning in the global lottery sector.

The most recent analyst rating on (BRSL) stock is a Hold with a $17.00 price target. To see the full list of analyst forecasts on Brightstar Lottery stock, see the BRSL Stock Forecast page.

According to Spark, TipRanks’ AI Analyst, BRSL is a Neutral.

The score is held back primarily by high leverage and sharply weaker trailing cash flow, alongside a bearish technical trend. Offsetting factors include a relatively low P/E and very high dividend yield, plus guidance pointing to improving fundamentals after near-term license-payment and investment-cycle pressures.

To see Spark’s full report on BRSL stock, click here.

Brightstar Lottery PLC is a London-based gaming company focused on lottery operations, offering lottery products and related services across multiple jurisdictions. The group operates through various subsidiaries, including Brightstar Lottery S.p.A., and funds its activities through a mix of term loans and multicurrency revolving credit facilities to support general corporate needs and growth in its core lottery markets.

See more data about BRSL stock on TipRanks’ Stock Analysis page.…Read more by TipRanks Auto-Generated Newsdesk

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