Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Flutter Entertainment PLC ( (FLUT) ) has shared an update.
Flutter Entertainment plc announced the pricing of $1,272 million in senior secured notes due 2031, issued by its subsidiary Flutter Treasury DAC. The proceeds from these notes, along with a new U.S. dollar-denominated term loan B facility, are intended to fund the acquisition of a 5% minority interest in FanDuel and extend a strategic partnership with Boyd Interactive Gaming Holdings. This move is expected to strengthen Flutter’s market position and enhance its strategic partnerships, potentially impacting stakeholders positively.
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 aims to leverage its significant scale and innovative mindset to drive industry change and sustainable growth. Flutter’s diverse portfolio includes prominent brands such as FanDuel, Sky Betting & Gaming, Sportsbet, PokerStars, Paddy Power, and others.
For detailed information about FLUT stock, go to TipRanks’ Stock Analysis page.