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DUBLIN - Flutter Entertainment plc (NYSE:FLUT; LSE:FLTR), a global leader in online sports betting and iGaming, announced today the launch of a multi-currency offering of senior secured notes due 2031 by its subsidiary, Flutter Treasury DAC. The offering includes notes denominated in U.S. dollars, euros, and British pounds.
The move comes on the heels of a process initiated on Sunday to raise additional debt under Flutter’s existing U.S. dollar term loan B facility. Together, the offering of the notes and the incremental term loan B facility aim to raise approximately $2.8 billion. The capital raised is intended to repay the bridge facility used partly for the acquisition of Snaitech S.p.A., as well as to cover related costs and expenses.
Flutter Entertainment is recognized as the world’s premier online betting and gaming operator, with a portfolio that includes FanDuel, Sky Betting & Gaming, and PokerStars, among others. The company has stated its commitment to leveraging its scale and innovative approach to foster long-term growth and a sustainable future for stakeholders.
The offering of the notes is targeted at qualified institutional buyers and non-U.S. persons in accordance with U.S. securities laws, and an application will be made for the notes to be admitted to trading on The International Stock Exchange. The notes will not be registered under the U.S. Securities Act or any state securities laws, and unless so registered, may not be offered or sold within the United States except pursuant to an exemption from such registration requirements.
Flutter has emphasized that the notes are not intended for retail investors in the European Economic Area or the United Kingdom (TADAWUL:4280), and will not be offered to the public in the United Kingdom. The offering memorandum for the notes is not to be considered a prospectus under EU or UK regulations.
Investors are advised that this press release contains forward-looking statements and that actual events may differ materially from those projected. The information presented in this article is based on a press release statement from Flutter Entertainment plc.
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