Simpson Thacher represented Flutter Entertainment plc, the leading online sports betting and iGaming operator, on its financing for the acquisition of the outstanding 5% minority interest in FanDuel Group. The financing comprised a bridge facility of up to $1,750 million, a 144A and Regulation S offering of $625 million of 5.875% senior secured notes, €300 million of 4.000% senior secured notes and £250 million of 6.125% senior secured notes, as well as an upsize of $500 million of Flutter’s existing term loan facility. The offering closed on August 7, 2025.
The Simpson Thacher team included Gil Strauss, Shahpur Kabraji, Iakovos Anagnostopoulos, Charley Xu, Julia Szinovatz, Tom Lort, Yun Kei Chow, Tristram Young and Ben Wiggins (Finance and Capital Markets).