DraftKings Boosts Liquidity With New $600 Million Capital Raise
DraftKings plans to raise $600 million through a Term Loan B and expand its revolving credit facility to $750 million, boosting liquidity.
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LeBron James is switching from DraftKings to Polymarket in a reported $15 million deal, putting prediction markets alongside traditional online sports betting.
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DraftKings plans to raise $600 million through a Term Loan B and expand its revolving credit facility to $750 million, boosting liquidity.
UBS analyst Robin Farley maintains DraftKings (NASDAQ:DKNG) with a Buy and lowers the price target from $49 to $48.
Needham analyst Bernie McTernan reiterates DraftKings (NASDAQ:DKNG) with a Buy and maintains $35 price target.
https://www.cftc.gov/PressRoom/PressReleases/9300-26