Ropes & Gray Represented the Initial Purchasers on Entain plc’s Debut High Yield Bond Offering

In The News
November 24, 2025

Ropes & Gray represented the Initial Purchasers on Entain plc’s debut high yield bond offering of €500 million 4.875% Senior Secured Notes due 2031. Barclays Bank PLC, NatWest Markets Plc, Banco Santander, S.A. and Lloyds Bank Corporate Markets plc acted as Joint Global Coordinators and Physical Bookrunners, with Mediobanca - Banca di Credito Finanziario S.p.A., Merrill Lynch International, Morgan Stanley & Co. International plc and Wells Fargo Securities International Limited acting as Joint Bookrunners. The offering closed on November 24, 2025.

The Ropes & Gray team was led by finance partner, Michael Kazakevich, supported by associates Henry Gee and Alexandra Elphick. English law advice was provided by partner Alex Robb and associates Kahill Sarronwala and Oscar Burman. Tax advice was provided by partner Andrew Howard and counsel Benjamin Wonnacott.