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Brightstar Lottery PLC Announces a Benchmark Offering of Senior Secured Notes Due 2033
Prnewswire· 2025-12-02 08:20
Core Viewpoint - Brightstar Lottery PLC announced a benchmark offering of senior secured notes due 2033, aiming to raise funds to redeem a portion of its existing senior secured notes due 2027 and cover related debt issuance costs [1][3]. Group 1: Offering Details - The offering consists of senior secured notes denominated in US dollars, with a total amount of $500,000,000 intended for redemption of the existing $750,000,000 6.25% Senior Secured Notes due 2027 [1][3]. - The notes will be co-issued by Brightstar and its wholly-owned subsidiary, Brightstar Global Solutions Corporation, and will be guaranteed by certain other wholly-owned subsidiaries of Brightstar [1][3]. Group 2: Listing and Trading - Applications have 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 [2]. - The offering is subject to customary market and other closing conditions [2]. Group 3: Regulatory Compliance - The notes have not been registered under the Securities Act of 1933 and may not be offered or sold in the United States without proper registration or exemption [4][5]. - The offering is restricted to qualified institutional buyers and non-U.S. persons in offshore transactions [5][8]. Group 4: Company Overview - Brightstar Lottery PLC is a global leader in the lottery industry, known for its secure technology and comprehensive solutions, with approximately 6,000 employees [13].
Clear Channel Outdoor Holdings, Inc. Announces Pricing of Senior Secured Notes Due 2031 and Senior Secured Notes Due 2033
Prnewswire· 2025-07-21 21:30
Core Viewpoint - Clear Channel Outdoor Holdings, Inc. has announced the pricing of an offering of $1,150 million in 7.125% Senior Secured Notes due 2031 and $900 million in 7.500% Senior Secured Notes due 2033, with the issuance expected to complete on August 4, 2025 [1] Group 1: Offering Details - The offering consists of $1,150 million of 7.125% Senior Secured Notes due 2031 and $900 million of 7.500% Senior Secured Notes due 2033 [1] - The Notes will be guaranteed on a senior secured basis by certain wholly owned domestic subsidiaries of the Company [2] - The Notes will be secured by a first-priority basis on the Company's and Guarantors' assets, with a second-priority on accounts receivable related to the Receivables Facility [2] Group 2: Use of Proceeds - The net proceeds from the Offering will be used to redeem all outstanding 5.125% Senior Secured Notes due 2027 and 9.000% Senior Secured Notes due 2028, as well as to pay related transaction fees and expenses [3] Group 3: Company Overview - Clear Channel Outdoor Holdings is a leader in the out-of-home advertising industry, focusing on innovation through digital billboards and data analytics [5] - The Company aims to broaden its advertiser base by enhancing its advertising platform and delivering measurable campaigns [5]