Flutter Entertainment (FLUT) said Friday it priced multi-currency debt offerings, including US dollar, euro, and British pound-denominated senior secured notes due 2031.
The company, through its Flutter Treasury DAC subsidiary, priced $1 billion of 5.875% senior secured notes, 550 million euros ($623.5 million) of 4% notes and 450 million pounds ($606.4 million) of 6.125% notes.
An application will be made to list the new notes on the International Stock Exchange. The settlement of the notes is expected to occur on or around June 4.
Flutter Entertainment also priced its new US dollar-denominated term loan B facility.
The proceeds from the debt offerings and a term loan B facility are expected to be used to repay the company's bridge facility and for general corporate purposes, Flutter said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.