White & Case advises Brightstar Lottery on US$750 million Yankee bond issuance

Global law firm White & Case LLP has advised Brightstar Lottery PLC (Brightstar), the world's largest lottery operator, on its US$750 million 5.750% senior secured bond issuance due 2033 (notes).

The notes, issued pursuant to Rule 144A and Regulation S of the US Securities Act, have been listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.

Brightstar intends to use the net proceeds, together with cash on hand, to fund the redemption in full of its outstanding US$750 million 6.25% Senior Secured Notes due 2027.

The White & Case team which advised on the capital markets aspects of the transaction was led by partners Michael Immordino (London & Milan), James Greene (London) and local partner Pietro Magnaghi (Milan), and included associate Tarang Nagar (London) and lawyer Aurora Zamagni (Milan). The team which advised on the debt finance aspects of the transaction included partner Anthony Tama (London) and associate Bettina de Catalogne (Paris). The team which advised on US tax aspects included partner Chad McCormick and associates Thor Fielland and Andrew Lambrecht (all Houston) and on UK tax aspects partner Will Lund and associates Ross Leung Power and Alec Buchanan (all London).

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