Company: BRSL
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001619762-25-000017
Chunk: 14

Company: Brightstar Lottery PLC
Filing Date: 2025-05-13
Form: 6-K
Chunk 14
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 amount of €500 million (“Facility B”) to be utilized if the Company is awarded the Italian Gioco del Lotto license (the “Italian Lotto license”), for use toward the Italian Lotto license upfront fee. Facility A was utilized on March 24, 2025 for repayment of borrowings under the Revolving Credit Facilities. The Facility B availability period expires on September 14, 2025 and is subject to a ticking fee until the facility is either utilized or the availability period expires.

IGT Lottery S.p.A. must repay the 2030 Facilities in installments, as detailed below:

| Due Date           
 September 14, 2027 
 September 14, 2028 |     | Facility A      
 (€ in millions) | 100 
 100 |     | Facility B,     
 if utilized     
 (€ in millions) | 100 
 100 |
|:-------------------|:----|:----------------|----:|:----|:----------------|----:|
| September 14, 2029 |     |                 | 100 |     |                 | 100 |
| September 14, 2030 |     |                 | 200 |     |                 | 200 |

Interest on the 2030 Facilities is payable either three or six months in arrears at rates equal to the applicable EURIBOR plus a margin based on IGT’s public debt ratings.

The 2030 Facilities are guaranteed by the Parent and certain subsidiaries of the Parent. Upon the occurrence of certain events, IGT Lottery S.p.A. may be required to prepay the 2030 Facilities in full. The 2030 Facilities Agreement provides for standard covenants and restrictions, which are substantially identical to those under the agreements for the Revolving Credit Facilities and other term loan facilities. The 2030 Facilities Agreement limits the aggregate amount that the Parent can pay with respect to dividends and repurchases of ordinary shares in each year to $400 million if any two of our public debt ratings by Fitch, Moody’s, and S&P are lower than Ba1/BB+ and $550 million if any two of our public debt ratings by Fitch, Moody’s, and S&P are equal to or higher than Ba1/BB+, and provides that such limit is eliminated if any two of our public debt ratings by Moody’s, S&P, and Fitch are equal to or higher than Baa3/BBB-. The 2030 Facilities Agreement also contains customary covenants (including maintaining