Debt investors
- As at 30 June 2025, adjusted net debt was £3,550.2m and represented an adjusted net debt to underlying EBITDA ratio of 3.1x
- Entain uses interest rate swaps to hedge interest rate risk.
- Approximately half of the Group’s post-swap gross debt (exc. leases) is at fixed interest rates.
- Currency swaps are used to hedge the USD debt into EUR, GBP and AUD.

Issue | Maturity | Amount | Currency | |
Term loan B4 | Various | 30 Jun 28 | 765 | EUR |
Term loan B6 | 04 Sep 25 | 31 Oct 29 | 2,218 | USD |
Term loan B5 | 04 Sep 25 | 31 Jul 32 | 1,100 | USD |
ISIN | Issue | Maturity | Coupon | Amount | Listed |
XS3229426138 | 24 Nov 25 | 30 Nov 31 | 4.875 | €500 |
Agency | Credit Rating | Outlook | Date |
S&P | BB- | Stable | 10 Nov 25 |
Moody's | Ba2 | Stable | 16 Dec 25 |
Fitch | BB | Negative | 12 Dec 25 |
