Entain takes out new $1bn loan

Entain has taken out a $1bn loan, with a maturation date set for October 2029. Initially, Entain was committed to taking out a $750m loan; however, following strong demand from global investors, it decided to up the amount to $1bn. The borrowed money will be used to acquire SuperSport – a deal Entain announced earlier this year and is expected to close during Q4, creating a new Entain CEE subsidiary along with it. Otherwise, the cash wil...