Related Issuers
by Stephen Carter
Apr 17, 2024 9:05 AM ET
Flutter Treasury DAC (Flutter Entertainment plc) (FLTR) approx US$1.065bn equivalent (EUR/US$) 5NC2 144A/Reg S sr sec notes 2-part. Ba1/BBB-/BBB (stable/positive/stable). No reg rights. List ISE. NY law. Settle 04/24 (T+10).
- US$525m (from minimum benchmark size) sr sec notes due 2029 (5y). NC2 (MWC T+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the first 2 years at 103. Via BofA (B&D)/Citi jt lead books/Barc/Citizens/Goodbody/JPM/Lloyds/Mediobanca/Mizuho/NatWest/Santander/WFS jt books. IPT high 6s. Px talk: 6.50% area.
- EUR500m (from minimum benchmark size). sr sec notes due 2029 (5y). NC2 (MWC B+50bp) (50%,25%,par). Equity claw: 2y 40%. Special call: 10% per year the first 2 years at 103. Via Barc (B&D)/Mediobanca/NatWest/Santander jt lead books/ BofA/Citi/Citizesn/Goodbody/JPM/Lloyds/Mizuho/WFS jt books. IPT: mid 5s. Px talk: 5.25% area.
Roadshow Tues-Weds (investor call at 11am NYT/4pm UKT Tues). Books close at 10:30am NYT / 3:30pm UKT today. Pricing today. UOP: Refinance its existing EUR507m term Loan B due 2026, repay $481m of the $735m drawn on its revolver. Biz: The world’s leading online sports betting and iGaming operator with substantial scale, a diverse portfolio of leading recreational brands and complementary products with a global reach. HQ: Dublin, Ireland.