Brightstar Lottery announced a $750 million issue of senior secured notes due in 2033. The company said the new notes follow the redemption of all its 6.25% senior secured notes due in 2027; settlement was expected on 15 December.
The debt issue and redemption give investors details of Brightstar Lottery's financing activity.
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Brightstar Lottery said its subsidiary Brightstar Global Solutions Corporation won an eight-year base contract with the Wisconsin Lottery after a competitive procurement. The deal includes an eight-year extension option and four further one-year options, and covers its OMNIA system, mobile-app enhancements and retailer equipment.
Brightstar Lottery said its subsidiary, Brightstar Global Solutions Corporation, signed a six-year contract with the California Lottery to print instant tickets and provide related services. The agreement followed a competitive procurement and covers Brightstar’s instant-ticket content, game development, marketing services and analytics.
Brightstar Global Solutions, a Brightstar Lottery subsidiary, agreed to supply its instant-ticket content and related offerings to Sazka in the Czech Republic, the companies said. Sazka said the agreement comes as it prepares to rebrand as Allwyn next year.
Brightstar Lottery announced that it will provide direct financial support to the International Problem Gambling and Gaming organisation. The company said the funding would support international research, education and prevention programmes.
Brightstar Lottery said it is funding the Pittsburgh-based International Problem Gambling and Gaming Certification Organization. The donation will support the organisation’s Global Gambling Counselor Certification and its new Collegiate Counselors Gambling Certification programmes.