secwatch / observer
8-K filed April 29, 2024, 7:59 PM ET ticker FLUT CIK 0001635327
debt confidence high sentiment neutral materiality 0.50

Flutter Entertainment plc (FLUT): debt financing — Flutter issues $525M 6.375% USD notes and €500M 5% EUR notes due 2029

Flutter Entertainment plc

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.99

Flutter Entertainment plc incurred senior notes of $525 million and €500 million aggregate principal amount with Citibank, N.A., London Branch at 6.375% per year for USD Notes and 5.000% per year for EUR Notes maturing April 29, 2029.

Instrument
senior notes
Principal
$525 million and €500 million aggregate principal amount
Counterparty
Citibank, N.A., London Branch
Rate
6.375% per year for USD Notes and 5.000% per year for EUR Notes
Maturity
April 29, 2029
Event
incurrence
Exact text from the filing
Flutter Treasury DAC (the "Issuer"), an indirect, wholly owned subsidiary of Flutter Entertainment plc (the "Company"), issued and sold $525 million aggregate principal amount of USD-denominated 6.375% senior secured notes due 2029 (the "USD Notes") and €500 million aggregate principal amount of EUR-denominated 5.000% senior secured notes due 2029 (the "EUR Notes" and, together with the USD Notes, the "Notes"), which mature on April 29, 2029, pursuant to an indenture dated as of April 29, 2024, by and among the Issuer, the guarantors named on the signature pages thereto (the "Guarantors"), Citibank, N.A., London Branch, as trustee and Wilmington Trust (London) Limited as security agent (the "Indenture").
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Flutter Entertainment plc entered into Indenture with Citibank, N.A., London Branch, as trustee and Wilmington Trust (London) Limited as security agent valued at $525 million and €500 million (effective 2024-04-29).

Action
entry
Agreement
notes offering
Counterparty
Citibank, N.A., London Branch, as trustee and Wilmington Trust (London) Limited as security agent
Value
$525 million and €500 million
Effective
2024-04-29
Exact text from the filing
On April 29, 2024, Flutter Treasury DAC (the “Issuer”), an indirect, wholly owned subsidiary of Flutter Entertainment plc (the “Company”), issued and sold $525 million aggregate principal amount of USD-denominated 6.375% senior secured notes due 2029 (the “USD Notes”) and €500 million aggregate principal amount of EUR-denominated 5.000% senior secured notes due 2029 (the “EUR Notes” and, together with the USD Notes, the “Notes”), which mature on April 29, 2029, pursuant to an indenture dated as of April 29, 2024, by and among the Issuer, the guarantors named on the signature pages thereto (the “Guarantors”), Citibank, N.A., London Branch, as trustee and Wilmington Trust (London) Limited as security agent (the “Indenture”).
View on SEC.gov

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Flutter Entertainment plc filing history →

Source: SEC EDGAR
accession 0001193125-24-120917
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