Entain plc announced the pricing and allocation of a $1,125 million First Lien Term Loan B in USD, with maturity on March 29, 2027. The proceeds of the New Loan will be used to refinance/repay the existing $774 million First Lien Term Loan B, which is due to mature on March 29, 2024, and provide additional funds of $351 million to support corporate development and M&A. Following very strong demand from global credit investors, the New Loan has been priced at LIBOR1+250bps2 and was allocated at 99.75. The borrowers will be Entain's wholly owned subsidiaries Entain Holdings (Gibraltar) Limited and GVC Finance LLC. The transaction is expected to close by the end of July.