M&A - Flutter Entertainment plc

Form Type: 8-K

Filing Date: 2025-06-04

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525134705

Filing Summary: On June 4, 2025, Flutter Treasury DAC, an indirect wholly owned subsidiary of Flutter Entertainment plc, issued a total of $1,000 million in USD-denominated, €550 million in EUR-denominated, and £450 million in GBP-denominated senior secured notes. The notes were issued at par value with a 5.875% interest rate for USD, 4.000% for EUR, and 6.125% for GBP, with interest payable semi-annually. The proceeds from the issuance, along with an increase of $750 million in term B loans, are allocated to repay amounts due under a previous Bridge Credit Agreement related to the acquisition of Snaitech S.p.A., along with other corporate purposes and transaction costs. The issuance was made in accordance with an Indenture dated April 29, 2024. The increased term B loans will mature on June 4, 2032, with specific interest rate options and amortization schedules delineated. The document includes various details regarding the terms of the notes and the associated agreements.

Form Type: 8-K

Filing Date: 2025-05-15

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525120227

Filing Summary: On May 15, 2025, Flutter Entertainment plc announced the completion of the acquisition of a stake in NSX Group. This announcement was communicated through the Regulatory News Service in London and fulfills the disclosure requirements set by the United Kingdom Financial Conduct Authority’s Disclosure Guidance and Transparency Rules. The related documentation, including the details of the share repurchase program, is included as Exhibit 99.1 in the filing of this Form 8-K.

Form Type: 8-K

Filing Date: 2025-04-30

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525105891

Filing Summary: On April 30, 2025, Flutter Entertainment plc announced the closing of the strategic acquisition of Snaitech S.p.A. This acquisition was funded by a senior secured first lien term loan of €2.5 billion, which was converted from binding commitments into a definitive bridge credit agreement on April 29, 2025. The bridge credit agreement includes provisions for financing the acquisition, refinancing debt, paying associated fees, and supporting general corporate purposes. The loan matures on April 29, 2026, with potential extension options and an interest rate structure based on EURIBOR plus an applicable margin. The acquisition aligns with Flutter's strategic goals in the gaming and sports betting market.

Form Type: 8-K

Filing Date: 2025-04-09

Corporate Action: Acquisition

Type: New

Accession Number: 000119312525076565

Filing Summary: On April 9, 2025, Flutter Entertainment plc announced via the Regulatory News Service in London regarding its previously announced acquisition of Snaitech S.p.A. This acquisition represents a strategic move to expand Flutter's operational footprint and enhance its market presence.