Flutter finalizes $514 million add-on term loan B at 99.625 OID

By Sara Rosenberg

New York, March 8 – Flutter Entertainment plc set the original issue discount on its fungible $514,375,000 add-on term loan B due 2030 at 99.625, the tight end of the 99.375 to 99.625 talk, 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.

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

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

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