Flutter Entertainment Raises Revolving Credit Facility to $1.86 Billion
Bitget2026/11/04 11:58- Flutter Entertainment amended its credit agreement Oct. 30, 2026, extending term A and revolving facility maturities to May 3, 2032.
- Revolving credit commitments increased to $1.86 billion; the facility's base currency switched from sterling to U.S. dollars.
- Term A facilities now comprise €382 million of term A2 loans and $1.37 billion of term A3 loans, eliminating sterling-denominated borrowings.
- A net first lien leverage covenant replaced the net total leverage covenant; the financial covenant level increased to 5.70:1.00.
- Term A and revolving loans carry applicable benchmark rates plus margins of 1.4%-2%, determined by Moody's, S&P and Fitch corporate ratings.
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