Company: BRSL
Filing Date: 2025-11-04
Form Type: 6-K
Source: 0001628280-25-048813
Chunk: 8

Company: Brightstar Lottery PLC
Filing Date: 2025-11-04
Form: 6-K
Chunk 8
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 the pre-ASU disclosures for the prior periods.

3. Discontinued Operations and Assets Held for Sale

On July 1, 2025, the Company completed the previously announced sale of IGT Gaming pursuant to the Transaction Agreements with Apollo Funds, whereby IGT Gaming and Everi were simultaneously acquired in the Transaction. Total consideration, net of $134 million of cash and restricted cash transferred, was $4.1 billion and resulted in a pre-tax gain on sale of $112 million ($77 million net of $35 million of income taxes related to the internal separations). The consideration is inclusive of a $47 million receivable from the Buyer, which will be collected through 2026.

The Company expects to use the proceeds from the sale as follows:

• $2.0 billion used for contractual debt reductions. Refer to Note 10. Debt.

• $1.1 billion returned or expected to be returned to shareholders:

◦ The Company's Board of Directors declared a special cash dividend to common stockholders in the amount of $3.00 per share. The distribution was paid on July 29, 2025. Refer to Note 13. Shareholders' Equity.

◦ In addition, the Board authorized a $500 million, two-year share repurchase program. The new authorization replaces the Company's existing share repurchase program. Refer to Note 13

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Shareholders' Equity.

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• $500 million to partially fund the Italy Lotto license payments. Refer to Note 7. Other Assets.

• $400 million to be used for general corporatepurposes.

The criteria for reporting the IGT Gaming disposal group as held for sale were met upon entering into the Transaction Agreements on July 26, 2024. The Transaction represented a strategic shift that had a major effect on the Company’s operations and financial results and accordingly, IGT Gaming is presented in the accompanying condensed consolidated financial statements as a discontinued operation for all periods presented.

The following represents the major classes of the IGT Gaming assets and liabilities held for sale:

|                                                                                                      |     | December 31, |       |
| ($ in millions)                                                                                      |     |         2024 |       |
| Assets:                                                                                              |     |              |       |
| Cash and cash equivalents                                                                            |     |              |    63 |
| Trade and other receivables, net                                                                     |     |              |   321 |
| Inventories, net