---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-020044"
form_type: "8-K"
ticker: "DKNG"
cik: "0001883685"
company_name: "DraftKings Inc."
filed_at: "2025-03-04T23:59:59+00:00"
generated_at: "2026-05-25T15:46:38.775445+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# DraftKings closes $600M Term Loan B, upsized from $500M on strong demand

## Summary
- Closed $600M senior secured Term Loan B, increased from $500M due to strong demand.
- Matures March 2032; interest rate SOFR + 1.75% per annum; offered at 99.50% of par.
- Mandatory annual repayment of 1.00% of aggregate principal amount per annum.
- Net proceeds to be used for general corporate purposes.

## SEC filing metadata
- accession: 0001104659-25-020044
- form_type: 8-K
- ticker: DKNG
- cik: 0001883685
- company_name: DraftKings Inc.
- filed_at: 2025-03-04T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883685/000110465925020044/0001104659-25-020044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883685/000110465925020044/tm258053d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-020044
- JSON: https://secwatch.observer/filing/0001104659-25-020044.json
- Plain text: https://secwatch.observer/filing/0001104659-25-020044.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.