Brightstar Lottery PLC launched a cash tender offer for any and all Regulation S interests in its outstanding €500 million 2.375% senior secured notes due April 15, 2028, offering €990 per €1,000 of principal plus accrued and unpaid interest. The company also announced a benchmark offering of euro-denominated senior secured notes due 2032, guaranteed on a senior basis by certain wholly owned subsidiaries. Brightstar intends to use the new debt proceeds to fund accepted tenders, repay borrowings under its senior revolving credit facilities and cover transaction expenses, with the overall aim of extending its weighted average debt maturity. The offer is conditioned on completion of the new-notes offering, although Brightstar may waive that condition. Valid electronic instructions are due by 4 p.m. London time on Sept. 15, 2026, and settlement is expected on Sept. 18, subject to the offer terms and conditions.