Entain has announced a bond offering of at least €800 million-equivalent in fixed rate senior secured notes due 2031.

This refinancing transaction aims to extend the company’s debt profile, reduce annual interest costs, and diversify financing sources, potentially impacting its financial stability and market competitiveness.

If completed, the net proceeds of the Offering are expected to be used to repay amounts outstanding under the group’s existing euro-denominated Term Loan B credit facilities.

The principal amount, currencies, interest rate, issue price and certain other terms of the Notes will be determined at the time of pricing of the Offering, subject to market conditions.