Flutter Entertainment amends credit agreement, extends facility maturities
Flutter Entertainment told the US Securities and Exchange Commission it has amended and restated its existing credit agreement, pushing out loan maturities and increasing the size of its revolving credit facility.
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Flutter Entertainment plc said in a filing with the US Securities and Exchange Commission that it and several of its subsidiaries signed an agreement on 30 October 2026 amending and restating the terms of a credit facility originally agreed in November 2023, covering term loan A, term loan B and a revolving credit facility.
According to the filing, the amendment pushes back the maturity of the group’s term A facilities and its revolving credit facility to 2032. The company said the revolving credit facility’s commitments have been increased to 1.86 billion dollars, with its base currency switched from sterling to US dollars.
Flutter said the term A facilities have also been redenominated so that only US dollar and euro tranches remain outstanding, with no sterling-denominated term A debt left on its books. The company disclosed outstanding balances of 382 million euros under one tranche and 1,374 million dollars under another following the change.
The filing said the amendment replaces the previous net total leverage covenant with a net first lien leverage covenant, with the permitted leverage level raised. Flutter said that, once the new terms take effect, interest on the term A loans and revolving facility will be calculated using the relevant reference rate plus a margin of between 1.40% and 2.00% a year, with the exact margin depending on the company’s corporate credit ratings from Moody’s, S&P and Fitch.
Flutter said full details of the amended agreement would be included as an exhibit to its forthcoming annual report on Form 10-K.