Entain plc (GB:ENT) has released an update.
Entain plc has effectively repriced its USD and EUR Term Loan B facilities, reducing interest margins and removing credit adjustment spreads, alongside securing additional funds through fully fungible add-ons, which will enhance the company’s liquidity by approximately £295m. This strategic financial maneuver not only maintains net debt neutrality but also extends the debt maturity dates to 2028/2029, replacing an earlier bank loan due in 2026. Despite these changes, Entain’s projected cash interest costs for the current financial year remain unchanged from previous guidance.
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