Flutter launches $514 million term loan B at 99.375-99.625 OID

By Sara Rosenberg

New York, March 4 – Flutter Entertainment plc held a lender call on Monday to launch a fungible $514 million add-on term loan B due 2030 that is talked with an original issue discount of 99.375 to 99.625, according to a market source.

Pricing on the add-on term loan is SOFR plus 225 basis points with a 0.5% floor.

JPMorgan Chase Bank is the lead on the deal.

Commitments are due at 5 p.m. ET on Thursday, the source added.

Proceeds will be used to refinance an existing term loan due 2028.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.