DraftKings launches syndication for USD 600 million term loan B facility

Reuters2026/08/17 11:15

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DraftKings launched syndication for a senior secured Term Loan B facility of USD 600 million.
Net proceeds earmarked for repurchases of Convertible Notes due 2028, subject to market conditions, with remaining funds for general corporate purposes.
Secured commitments for a new USD 750 million senior secured revolving credit facility maturing in 2031.
New revolving facility will replace an existing USD 500 million revolver maturing in 2029.
Closing remains subject to market conditions, with the new revolver expected to be substantially undrawn.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Draftkings Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260815832905) on August 17, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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DraftKings launches syndication for USD 600 million term loan B facility

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