Company: BRSL
Filing Date: 2025-05-13
Form Type: 6-K
Source: 0001619762-25-000017
Chunk: 27

Company: Brightstar Lottery PLC
Filing Date: 2025-05-13
Form: 6-K
Chunk 27
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 cash flows generated from financing activities have historically been sufficient to meet the Company's liquidity needs.

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.

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

|                             | ($ in millions) |     | March 31, 2025 |     |     | December 31, 2024 |
|:----------------------------|:----------------|:----|---------------:|:----|:----|------------------:|
| Revolving Credit Facilities |                 |     |          1,519 |     |     |             1,364 |
| Cash and cash equivalents   |                 |     |            631 |     |     |               584 |
| Total Liquidity             |                 |     |          2,150 |     |     |             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 March 31, 2025, the borrowers were in compliance with such covenants.

Refer to “Item 1. Notes to the Condensed Consolidated Financial Statements (Unaudited)—Note 9. Debt ” included herein for information regarding the Company’s debt obligations, including the maturity profile of borrowings and committed borrowing facilities.

At March 31, 2025 and December 31, 2024, approximately 28% and 25% of the Company’s debt portfolio was exposed to interest rate fluctuations, respectively. The Company’s exposure to floating rates of interest primarily relates to the Revolving Credit Facilities and Euro Term Loan Facilities due January 2027 and September 2030.

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Table of Contents

The following table summarizes the Company’s U.S. Dollar equivalent cash and