debt
confidence high
sentiment neutral
materiality 0.65
Flutter launches $2.8B debt offer and TLB to refinance Snaitech bridge loan
Flutter Entertainment plc
- Offering of USD, EUR, GBP senior secured notes due 2031 via subsidiary Flutter Treasury DAC.
- Also raising incremental debt under existing USD term loan B facility.
- Total proceeds of $2.8B to repay bridge facility used to fund Snaitech S.p.A. acquisition and costs.
- Notes offered to QIBs under Rule 144A and non-U.S. investors under Reg S; not registered in the U.S.
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