In order to strengthen its long-term financial stability, Entain Plc has announced plans to issue senior secured notes worth €800m (£704m) to refinance its current euro-denominated debt.
The proposed notes, which are due in 2031, are a component of the FTSE100 group’s larger plan to diversify financing sources, lower interest rates, and extend debt maturities without adding to its current €3.9bn (£3.4bn) debt load.
The business will raise money in sterling or euros, and the terms will be determined by the state of the market.
In order to strengthen the financial standing of flagship brands like Ladbrokes, Coral, bwin, STS Poland, and SuperSport, Entain stated that this refinance is a complement to a number of debt actions implemented throughout 2024 and 2025.