26 June 2023

Entain plc

("Entain" or the “Group”)

Successful pricing and allocation of £500m equivalent of Term Loans following strong global demand

Entain plc (LSE: ENT), the global sports betting, gaming and interactive entertainment group, announces the pricing and allocation of fungible add-ons to two of its existing First Lien Term Loan B loans ("the New Loans") as follows:

  1. EUR 230m, a fungible add-on to its existing EUR loan of €800m, with maturity in June 2028, priced at EURIBOR1 + margin of 375 bps2 and allocated at an original issue discount of 99; and
  2. USD 385m, a fungible add-on to its existing USD TLB2 loan of $1,375m, with maturity in October 2029, priced at Term SOFR3 + credit adjustment spread of 10 bps + margin of 350 bps2 and allocated at an original issue discount of 99; a total of c. £500m equivalent in GBP.

The New Loans will fund in July 2023. The majority of the net proceeds will be used to immediately repay at par the £400m bonds issued by Ladbrokes Group Finance plc due in September 2023.


  1. Subject to a 0% floor
  2. +/- 25bps if Leverage as defined in the Senior Facilities Agreement dated 7 July 2021 is greater than 3x / less than 2x (and for RCF only, +/- a further 25bps if Leverage is greater than 4x / less than 1.75x)
  3. Secured Overnight Financing Rate (SOFR), subject to a 0.5% floor


Investor Relations - Entain plc

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Media - Entain plc

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Rob Greening/Nick Hayns/Sam Austrums

Tel: +44 (0) 20 7250 1446

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About Entain plc

Entain plc (LSE: ENT) is a FTSE100 company and is one of the world's largest sports betting and gaming groups, operating both online and in the retail sector. The Group owns a comprehensive portfolio of established brands; Sports brands include BetCity, bwin, Coral, Crystalbet, Eurobet, Ladbrokes, Neds, Sportingbet, Sports Interaction and SuperSport; Gaming brands include Foxy Bingo, Gala, GiocoDigitale, Ninja Casino, Optibet, Partypoker and PartyCasino. The Group owns proprietary technology across all its core product verticals and in addition to its B2C operations provides services to a number of third-party customers on a B2B basis.

The Group has a 50/50 joint venture, BetMGM, a leader in sports betting and iGaming in the US. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. The Group is tax resident in the UK and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 40 territories.

Entain is a leader in ESG, a member of FTSE4Good, the DJSI and is AA rated by MSCI. The Group has set a science-based target, committing to be carbon net zero by 2035 and through the Entain Foundation supports a variety of initiatives, focusing on safer gambling, grassroots sport, diversity in technology and community projects. For more information see the Group's website: www.entaingroup.com

LEI: 213800GNI3K45LQR8L28