Flutter to repay euro term B, revolver borrowings with notes proceeds

By Sara Rosenberg

New York, April 16 – Flutter Entertainment plc plans to refinance its existing euro term loan B due 2026 and to repay revolving credit facility borrowings using proceeds from a $1.05 billion equivalent U.S. and euro senior secured notes offering, according to a market source.

Remaining proceeds from the notes will be used to pay related transaction costs, fees and expenses.

Flutter Entertainment is a Dublin-based sports betting and gaming operator.

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