Brightstar reports €342 million of bonds tendered in refinancing
Brightstar ($BRSL) Lottery announced that approximately €342.2 million of its €500 million outstanding 2.375% notes due in 2028 had been validly tendered. The company intends to accept those notes subject to the tender’s conditions, leaving roughly €157.8 million outstanding after the transaction settles. The refinancing is supported by a previously priced €500 million issue of 4.875% notes due in 2032. The new borrowing extends maturity but carries a higher coupon, so it should not be described
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