Flutter Entertainment opens $1billion debt offering

Market participants have been informed by Flutter Entertainment Plc that the company has begun to offer senior debt notes with a total principal amount of $1.05 billion.

The gambling group has authorized the purchase of senior secured notes due in 2029 denominated in both USD and EUR.

The proceeds from the issuance of debt notes will be used, starting on July 10, 2018, to repay borrowings under the current syndicated facility agreement and cover certain fees, costs, and expenses related to the offering, the markets were informed.
 
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