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Flutter Entertainment Announces Major Debt Offering to Support Strategic Growth

Story Highlights
  • Flutter Entertainment has priced a major offering of senior secured notes in multiple currencies.
  • Proceeds will repay debt from the Snaitech acquisition and support Flutter’s growth strategy.
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Flutter Entertainment Announces Major Debt Offering to Support Strategic Growth

Confident Investing Starts Here:

Flutter Entertainment PLC ( (FLUT) ) has issued an update.

Flutter Entertainment plc has announced the pricing of a significant offering of senior secured notes across multiple currencies, totaling $1,000 million, €550 million, and £450 million, all due in 2031. The proceeds from this offering, along with a new term loan, will be used to repay existing debt related to the acquisition of Snaitech S.p.A., for general corporate purposes, and to cover associated costs, positioning Flutter to strengthen its financial structure and support its growth strategy.

More about Flutter Entertainment PLC

Flutter Entertainment plc is a leading global online sports betting and iGaming operator with a strong market presence in the US and worldwide. The company manages a diverse portfolio of brands, including FanDuel, Sky Betting & Gaming, and PokerStars, among others. Flutter aims to leverage its scale and innovative mindset to drive industry change and promote sustainability through its Positive Impact Plan.

For an in-depth examination of FLUT stock, go to TipRanks’ Stock Analysis page.

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