Stars Group gets lender approval for term loan B amendment

By Sara Rosenberg

New York, June 12 – The Stars Group Inc. (Flutter Entertainment plc) received lender approval of the amendment to its term loan B debt that allows Stars and Flutter to operate as a single credit entity and to align with certain other terms in the term loan A agreement, according to a market source.

The existing Stars creditor group will benefit from the combination with Flutter’s lower leveraged creditor group.

Deutsche Bank Securities Inc. is the administrative agent on the deal.

Lenders were offered a 15 basis points consent fee.

The existing term loan B debt consists of a $2.962 billion term loan B due July 2025 and an €850 million term loan B due July 2025.

Stars is a Toronto-based provider of mobile and online gambling services. The merger of Stars and Flutter was completed in May.

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