Paddy Power’s Owner Flutter in Quick Debt Market Return for M&A

Paddy Power owner Flutter Entertainment Plc is making a fast return to Europe’s debt market, with a trio of taps on a deal priced just weeks ago, which will partly fund an acquisition.

The company is seeking to increase its euro, dollar and British pound notes due in 2031, according to a person familiar with the matter who asked not to be identified. It plans to raise about $1.755 billion from the offering, which also includes a dollar leveraged loan tranche.

It originally issued the trio of notes in May, raising $2.3 billion equivalent from the sale, according to ...