{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-068718","form_type":"8-K","ticker":"FLUT","cik":"0001635327","company_name":"Flutter Entertainment plc","filed_at":"2024-03-15T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.886367+00:00","generated_at":"2026-06-04T17:20:34.084004+00:00","sec_items":["1.01","2.03","7.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Flutter adds $514.4M incremental Term B loans, extends maturity to 2030","bullets":["First Incremental Assumption Agreement increases term B loan aggregate by $514.375 million.","New loans mature November 30, 2030, replacing existing term B loans due July 22, 2028.","Interest options: ABR floor 1.00% + margin 1.25% (or 1.00% on leverage ratio <2.55:1); SOFR floor 0.50% + margin 2.25% (or 2.00%).","Quarterly amortization of 0.25% of original principal, balance due at maturity.","Proceeds used to refinance equivalent amount of existing term B loans from July 2022 agreement."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-068718","json":"https://secwatch.observer/filing/0001193125-24-068718.json","markdown":"https://secwatch.observer/filing/0001193125-24-068718.md","text":"https://secwatch.observer/filing/0001193125-24-068718.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1635327/000119312524068718/0001193125-24-068718-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1635327/000119312524068718/d759809d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T17:20:34.084004+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"f37e2c54e0ad37367ee654e9be086d303b990845","claim":"Flutter Entertainment plc incurred term loan of $514.375 million with Deutsche Bank AG, New York Branch at ABR (provided that in no event shall such ABR rate with respect to the First Inc maturing November 30, 2030.","evidence_excerpt":"the aggregate principal amount of term B loans outstanding under the Credit Agreement will increase by $514.375 million (the “First Incremental Term B Loans”), which shall be fungible with the existing term B loans outstanding under the Credit Agreement.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1635327/000119312524068718/0001193125-24-068718-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"$514.375 million"},{"label":"Counterparty","value":"Deutsche Bank AG, New York Branch"},{"label":"Rate","value":"ABR (provided that in no event shall such ABR rate with respect to the First Inc"},{"label":"Maturity","value":"November 30, 2030"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"2b20ea94dc9bf76780e093fb4963e3d8d1cc553c","claim":"Flutter Entertainment plc entered into First Incremental Assumption Agreement with Deutsche Bank AG, New York Branch valued at $514.375 million (effective 2024-03-14).","evidence_excerpt":"Flutter Entertainment plc (the \"Company\") and certain of its subsidiaries entered into the First Incremental Assumption Agreement (the \"Assumption Agreement\") to the Term Loan A, Term Loan B and Revolving Credit Facility Agreement dated as of November 24, 2023 (as amended, the \"Credit Agreement\"). After giving effect to the Assumption Agreement, the aggregate principal amount of term B loans outstanding under the Credit Agreement will increase by $514.375 million","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1635327/000119312524068718/0001193125-24-068718-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Deutsche Bank AG, New York Branch"},{"label":"Value","value":"$514.375 million"},{"label":"Effective","value":"2024-03-14"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}