01—Abstract
Summary
Summary of the 8-K filed November 4, 2026. Cited figures are marked; the original filing is the authoritative source.
Flutter Entertainment plc (FLUT) disclosed in this Form 8-K that on October 30, 2026, the Company and certain of its subsidiaries entered into a First Amendment and Restatement Agreement to its Term Loan A, Term Loan B and Revolving Credit Facility Agreement dated November 24, 2023.
The amendment extends the maturity of the Group's term A facilities and revolving credit facility to May 3, 2032, and increases revolving credit commitments to $1.86 billiona while redenominating that facility's base currency from Sterling to U.S. dollars. The agreement also redenominates the term A facilities solely into U.S. dollars and euros. Following the effective date, €382 million of term A2 loans and $1,374 million of term A3 loans are outstanding, and no sterling-denominated term A loans remain outstanding.
The net total leverage covenant is replaced with a net first lien leverage covenant, with the covenant level set at 5.70:1.00. After the amendment, term A and revolving loans bear interest at the applicable screen rate (Term SOFR, EURIBOR or SONIA, as applicable) plus a margin of 1.40%b to 2.00% per annum, based on the Company's Moody's, S&P and Fitch corporate ratings. The full agreement will be filed as an exhibit to the Company's Form 10-K for the year ending December 31, 2026.
02—Key points
Key Highlights
- Maturity of term A facilities and revolving credit facility extended to May 3, 2032
- Revolving credit commitments increased to $1.86 billion and base currency redenominated from Sterling to U.S. dollars
- Term A loans redenominated into U.S. dollars and euros: €382 million term A2 loans and $1,374 million term A3 loans outstanding; no sterling term A loans remain
- Net total leverage covenant replaced with a net first lien leverage covenant set at 5.70:1.00
- Interest margin of 1.40% to 2.00% over applicable screen rate (Term SOFR, EURIBOR or SONIA), tied to Moody's, S&P and Fitch corporate ratings
- Item 2.03 incorporates the amendment as a direct financial obligation of the registrant
03—Questions
Frequently Asked Questions
What did Flutter Entertainment agree to on October 30, 2026?
The Company and certain subsidiaries entered into a First Amendment and Restatement Agreement to the Term Loan A, Term Loan B and Revolving Credit Facility Agreement dated November 24, 2023, extending maturities, increasing revolving commitments and changing currency denominations and covenants.
When do the extended term A and revolving credit facilities now mature?
The maturity date of the term A facilities and the revolving credit facility is extended to May 3, 2032.
How large is the revolving credit facility after the amendment?
Commitments under the revolving credit facility are increased to $1.86 billion, and its base currency changes from Sterling to U.S. dollars.
What is the new financial covenant?
The net total leverage covenant is replaced with a net first lien leverage covenant, with the financial covenant level increased to 5.70:1.00.
How will the loans be priced?
Term A and revolving loans bear interest at the applicable screen rate (Term SOFR, EURIBOR or SONIA, as applicable) plus a margin of 1.40% to 2.00% per annum, determined by the Company's Moody's, S&P and Fitch corporate ratings.
04—Continue