DraftKings Announces Launch of $500 Million Term Loan B Facility

Core Viewpoint - DraftKings Inc. has announced the launch of syndication for a proposed senior secured term loan B credit facility amounting to $500 million, intended for general corporate purposes, subject to market and other conditions [1]. Company Overview - DraftKings Inc. is a digital sports entertainment and gaming company, established in 2012, and is the only U.S.-based vertically integrated sports betting operator [2]. - The company offers a range of products including daily fantasy sports, regulated gaming, and digital media, and operates in 28 states, Washington, D.C., and Ontario, Canada [2]. - DraftKings is an official partner of major sports leagues including the NFL, NHL, PGA TOUR, WNBA, UFC, NASCAR, NBA, and MLB [2]. - The company also owns Jackpocket, a leading digital lottery app in the U.S., and operates iGaming under its DraftKings and Golden Nugget Online Gaming brands [2].