Flutter Entertainment (FLUT) said Wednesday it launched a multi-currency debt offering through its subsidiary, Flutter Treasury DAC, including USD, EUR, and GBP-denominated senior secured notes due 2031.
The company said it is also seeking to raise additional funds through its existing US dollar-denominated term loan B facility.
Flutter said it plans to raise $2.8 billion through the notes and the third incremental term loan, adding the proceeds will be used to fully repay its bridge facility, which will be partly used to finance the acquisition of Italian gaming firm Snaitech, as well as to cover related transaction costs and fees.
It added that an application will be made to list the new notes on the International Stock Exchange.
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