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Stock impact report

Flutter Entertainment PLC Completes Repricing of 2030 Term Loan [Yahoo! Finance]

Flutter Entertainment plc (FLUT) 
Company Research Source: Yahoo! Finance
Entertainment (NYSE:FLUT)(LSE:FLTR) ("Flutter"), the world's leading online sports betting and iGaming operator today announces that it has successfully completed a repricing of approximately $3.885 billion of its Term Loan B issued in November 2023 due 2030 ("Term Loan"). The repricing reduces the applicable interest rate on the Term Loan by 25 basis points from Secured Overnight Financing Rate ("SOFR") plus 2.00% to SOFR plus 1.75%. Flutter's proactive action is expected to result in an interest expense saving of approximately $10 million annually. There are no changes to the maturity of the Term Loan following this repricing. Forward-Looking Statements This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements reflect our current expectations as to future events based on certain assumptions and include any statement that does not directly relate to any historical or current fact. These st Show less Read more
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