DraftKings Announces Closing Of $700 Million Upsized Term Loan B Facility And $750 Million Revolving Credit Facility - DKNG News | RalliesDraftKings Announces Closing Of $700 Million Upsized Term Loan B Facility And $750 Million Revolving Credit Facility
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DKNG• DraftKings closes new credit facilities
- DraftKings Inc. said it has closed a $700 million upsized term loan B facility and a $750 million revolving credit facility.
- Proceeds of the term loan B will be used to fund repurchases of convertible notes due 2028.
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