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DraftKings Inc. Successfully Closes $600 Million Term Loan B Credit Facility

Mar 04, 2025•over 1 year ago

Contract Type

agreement

BostonOtherGamingSportsMobile Apps

Description

DraftKings Inc. has successfully closed on its senior secured term loan B credit facility in the amount of $600 million. The Term Loan B, with a maturity date in March 2032, will be used for general corporate purposes.

Company Information

Company

DraftKings

Location

222 Berkeley Street

Boston, Massachusetts, United States

About

DraftKings Inc. is a leading digital sports entertainment and gaming company founded in 2012 and headquartered in Boston. The company offers products across daily fantasy sports, regulated gaming, and digital media, aiming to make life more exciting through responsible, real-money gaming experiences. DraftKings Sportsbook operates in 28 U.S. states, Washington, D.C., and Ontario, while its iGaming platform is active in several U.S. states and Canada under the DraftKings and Golden Nugget Online Gaming brands. It also owns Jackpocket, the top U.S. digital lottery courier app, and DraftKings Network, a multi-platform content ecosystem. Partnered with major leagues like the NFL, NBA, and NHL, DraftKings continues to lead in innovation and responsible gaming.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals — including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications — based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 200,000+ companies. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.