Company: BRSL
Filing Date: 2025-11-04
Form Type: 6-K
Source: 0001628280-25-048813
Chunk: 38

Company: Brightstar Lottery PLC
Filing Date: 2025-11-04
Form: 6-K
Chunk 38
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 activities together with cash flows generated from financing activities have historically been sufficient to meet the Company's liquidity needs.

#### Recent Developments
Following the recent award of the nine-year Italian Lotto license, the consortium led by the Company, is committed to pay €2,230 million for the upfront license fee, with €500 million paid on July 17, 2025, €300 million due in November 2025, and the remaining balance expected to be paid in the first half of 2026. Additionally, the consortium currently plans to invest €160 million in capital assets to support the new license, primarily related to the Lotto central system, communication infrastructure, and POS terminals.

#### Liquidity Outlook
The Company believes its ability to generate cash from operations to reinvest in its business is one of its fundamental financial strengths. Combined with funds currently available and committed borrowing capacity, the Company expects to have sufficient liquidity to meet its financial obligations in the ordinary course of business for the 12 months following the date of issuance of this report and for the longer-term period thereafter.

#### Treasury and Risk Management
The cash management activities, funding of operations, and investment of excess liquidity are centrally coordinated by a dedicated treasury team with the objective of ensuring effective and efficient management of funds.

At September 30, 2025 and December 31, 2024, the Company's total available liquidity was as follows, respectively:

|                             | ($ in millions) |     | September 30, 2025 |     |     | December 31, 2024 |
|:----------------------------|:----------------|:----|-------------------:|:----|:----|------------------:|
| Revolving Credit Facilities |                 |     |              1,589 |     |     |             1,364 |
| Cash and cash equivalents   |                 |     |              1,599 |     |     |               584 |
| Total Liquidity             |                 |     |              3,188 |     |     |             1,948 |

The Revolving Credit Facilities are subject to customary covenants (including maintaining a minimum ratio of EBITDA to total net interest costs and a maximum ratio of total net debt to EBITDA) and events of default, none of which are expected to impact the Company’s liquidity or capital resources. At September 30, 2025, the borrowers were in compliance with such covenants.

Refer to “Item 1. Notes to the Condensed Consolidated Financial Statements (Un