Flutter announced the issuance of $2.8 billion in senior secured notes, maturing in 2031, to finance its acquisition of Snaitech Italia. The gambling giant acquired the Italian sports betting company last month for €2.3 billion.
The notes will be available on The International Stock Exchange (TISE) across multiple currencies, including USD, EUR, and GBP. They will be restricted to qualified institutional investors, however. The company stated that they are not part of a public offering and will not be registered under US securities law.
JPMorgan, Bank of America, and Goldman Sachs have all expressed interest in participating in Flutter’s bond issuance. In addition to the notes, Flutter launched a third incremental debt…
