Entain has unveiled plans to issue at least €800m ($925m) in euro and/or sterling-denominated senior secured notes maturing in 2031. These notes will be guaranteed and secured on a pari passu basis with the company’s existing Term Loan B facilities.
The bond issue is part of a broader refinancing initiative designed to extend Entain’s debt maturity profile, diversify its funding sources, and lower annual interest expenses. If completed, proceeds from the offering will be used to repay outstanding amounts under the euro-denominated Term Loan B facilities.
Final details such as the total size, pricing, and terms will be determined upon issuance, depending on market conditions. Entain noted that updates will follow when appropriate. The offering is intended solely for non-US investors under Regulation S and is not open to retail investors in the UK or EU, in accordance with prospectus and PRIIPs regulations.
The company emphasized that the announcement does not represent an invitation to sell securities, and any investment decision should rely exclusively on the official offering memorandum. The notes will be issued through offshore transactions and will not be registered under US securities laws.
Earlier this year, Entain reaffirmed its commitment to optimizing its balance sheet amid evolving regulatory frameworks in multiple jurisdictions. The group has been streamlining operations and reinforcing its financial stability following increased compliance costs and restructuring efforts.
Additionally, Entain has broadened its content and trading alliances. In October, its Central and Eastern European division (Entain CEE) partnered with Beter to provide SuperSport in Croatia and STS in Poland with fast-betting esports and sports formats such as ESportsBattle and the Setka Cup table tennis series – emphasizing the growing importance of rapid-cycle betting content in the region’s engagement strategy.
