Flutter Entertainment plc has announced the launch of an offering of senior secured notes due 2031, along with a process to raise incremental debt under its existing U.S. dollar-denominated term loan B facility. The company aims to raise $2.8 billion through these financial instruments. The proceeds will be used to repay amounts due under a bridge facility, which was partly used to fund the acquisition of Snaitech S.p.A., and to cover related costs, fees, and expenses. The notes will be issued by Flutter's subsidiary, Flutter Treasury DAC, and will be traded on The International Stock Exchange.
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