The latest announcement is out from DraftKings ( (DKNG) ).
On March 4, 2025, DraftKings Inc. announced the closing of a $600 million senior secured term loan B credit facility, increased from an initially planned $500 million due to strong demand. The loan, maturing in March 2032, will be used for general corporate purposes and reflects DraftKings’ strategic financial positioning and growth ambitions in the competitive sports betting and gaming industry.
More about DraftKings
DraftKings Inc. is a digital sports entertainment and gaming company headquartered in Boston, offering products across daily fantasy, regulated gaming, and digital media. It is the only U.S.-based vertically integrated sports betting operator, with operations in multiple states and Canada, and partnerships with major sports leagues.
YTD Price Performance: 20.86%
Average Trading Volume: 9,600,862
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $38.73B
See more insights into DKNG stock on TipRanks’ Stock Analysis page.