Moody’s gives Entain loan Ba1

Moody's Investors Service said it gave a Ba1 rating to the planned $750 million senior secured term loan due 2029 to be borrowed by Entain plc's subsidiary Entain Holdings (Gibraltar) Ltd.

The rating is in line with the agency’s ratings on its other term loans.

The proceeds will be used to support the previously announced acquisition of a 75% economic stake in Supersport, expected to close by year-end.

The outlook is stable.

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