Flutter prices $1.27 billion in additional senior secured notes

Published 24/07/2025, 18:48
Flutter prices $1.27 billion in additional senior secured notes

DUBLIN - Flutter Entertainment plc (NYSE:FLUT; LSE:FLTR) announced Thursday the pricing of $1.27 billion in additional senior secured notes due 2031 through its subsidiary Flutter Treasury DAC.

The offering consists of $625 million of 5.875% notes issued at par, €300 million of 4.000% notes issued at par, and £250 million of 6.125% notes issued at 100.125%. These notes represent a further issuance of the company’s existing senior secured notes that were originally issued on June 4, 2025.

Flutter also announced the pricing of a new U.S. dollar-denominated term loan B facility. Settlement for the notes offering is expected around August 7, 2025, subject to customary closing conditions.

The company plans to use proceeds from these transactions to fund the acquisition of the outstanding 5% minority interest in FanDuel and to extend its strategic partnership with Boyd Interactive Gaming Holdings, L.L.C. Cash on balance sheet will be used to cover associated fees and expenses.

The notes will be offered only to qualified institutional buyers under Rule 144A and to non-U.S. persons outside the United States under Regulation S of the Securities Act. An application will be made for the notes to be admitted to trading on The International Stock Exchange.

Flutter Entertainment describes itself as the world’s leading online sports betting and iGaming operator with a portfolio that includes brands such as FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, and Paddy Power (LON:FLTRF).

This information is based on a press release statement from the company.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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