Flutter and Entain refinance loans to free up £250m cash kitty

FTSE 100 operators reveal strong support from global credit investors as funds are released for corporate development purposes including M&A

Flutter Entertainment has completed a loan re-financing to reduce debt and provide the business with additional liquidity for corporate development purposes. The repricing and upsizing of the operator’s existing Term Loan B facility by £1.1bn is designed to enhance the financial flexibility of the group. The facility is split between a $3bn component and a…

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