Betclic has put a large financing package in place to move ahead with its planned purchase of Tipico Group with a structure that combines bonds and term loans with maturities stretching to 2031. The Betclic Tipico acquisition is expected to close in early February 2026, subject to customary conditions.

• Betclic priced an upsized EUR 1.0bn senior secured bond offering with a 5.125% coupon and a 2031 maturity. The notes were issued at par and are scheduled to close on or around 3 February 2026. They represent a core part of the financing backing the Betclic Tipico acquisition. In other words Betclic increased the size of its bond issue to EUR 1.0 bn with investors earning 5.125% interest each year while the bonds are due to be repaid in 2031, all backed by company assets.

• In parallel, the group arranged a EUR 1.5bn euro-denominated Term Loan B facility due in 2031 (Betclic secured a EUR 1.5bn long-term bank loan priced in euros due to be repaid in 2031). The loan bears interest at EURIBOR plus 3.00%, with a 0% floor applied (the interest rate will never fall below 3% total). A leverage-based margin adjustment mechanism is also included (the margin can go up/down depending how much debt the company has).

• Betclic also secured a USD 750m (ca. EUR 683m) Term Loan B tranche to be repaid in 2031. This facility is priced at Term SOFR (secured interbank overnight interest rate) plus 2.75%, subject to a 0% floor. Margin levels may adjust depending on the group’s leverage over time.

• Proceeds from the financing, together with rollover equity, will be used to acquire 100% of Tipico Group Limited. Funds will also refinance certain existing Tipico debt, cover transaction-related fees, and support general corporate purposes. The notes are being offered to institutional investors under Rule 144A (in the US) and Regulation S (outside the US), excluding retail investors in the EEA and UK.

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