Flutter Entertainment plc filed a current report on November 4, 2026, disclosing that it and certain subsidiaries entered into a First Amendment and Restatement Agreement to its existing credit facility on October 30, 2026.

Key Highlights

  • Maturity extended: The term A facilities and revolving credit facility maturity date was extended to May 3, 2032.
  • Revolver increased: Commitments under the revolving credit facility were increased to $1.86 billion.
  • Currency redenomination: The revolving credit facility base currency was changed from Sterling to U.S. dollars; term A facilities are now solely in U.S. dollars and euros.
  • Outstanding term A balances: Following the amendment, €382 million of term A2 loans and $1,374 million of term A3 loans are outstanding, with no sterling-denominated term A loans remaining.
  • Covenant change: The net total leverage financial covenant was replaced with a net first lien leverage financial covenant, with the level increased to 5.70:1.00.
  • Interest rate margin: Term A and revolving credit facility loans will bear interest at the applicable screen rate plus a margin ranging from 1.40% to 2.00% per annum, determined by corporate ratings from Moody's, S&P, and Fitch.

Flutter Entertainment Restructures Credit Agreement Terms on October 30, 2026

Flutter Entertainment plc (NYSE:FLUT), incorporated in Ireland and headquartered in New York, disclosed in a current report that it entered into a First Amendment and Restatement Agreement on October 30, 2026, amending the Term Loan A, Term Loan B and Revolving Credit Facility Agreement originally dated November 24, 2023. The amendment was executed by the company and certain of its subsidiaries, according to the filing.

According to the filing, the amendment extends the maturity of the group's term A facilities and revolving credit facility to May 3, 2032, and increases revolving credit facility commitments to $1.86 billion. The base currency of the revolving credit facility was redenominated from Sterling to U.S. dollars. The term A facilities were also redenominated solely into U.S. dollars and euros, leaving €382 million of term A2 loans and $1,374 million of term A3 loans outstanding, with no sterling-denominated term A loans remaining after the effective date.

The filing further states that the existing net total leverage financial covenant was replaced with a net first lien leverage financial covenant, and the financial covenant level was increased to 5.70:1.00. Following the amendment, term A and revolving credit facility loans will bear interest at the applicable screen rate, which may be Term SOFR, EURIBOR, or SONIA as applicable, plus a margin ranging from 1.40% to 2.00% per annum, based on corporate ratings from Moody's, S&P, and Fitch. The filing notes that the full First Amendment and Restatement Agreement will be filed as an exhibit to Flutter's Annual Report on Form 10-K for the year ending December 31, 2026.

What Was Disclosed

Flutter Entertainment plc reported the entry into a credit agreement amendment on October 30, 2026, extending its term A and revolving credit facility maturity to May 3, 2032, increasing the revolver to $1.86 billion, redenominating facilities to U.S. dollars and euros, and replacing its leverage covenant.