Allwyn International a.s. Announces €500 Million Accordion Facility

March 26, 2024 – Allwyn International a.s. (the “Company” or “Allwyn”), a leading multi-national lottery operator, today announced that it has entered into a €500 million accordion facility (the “Accordion Facility”) with a syndicate of international banks.

The banks have committed to provide the Company with a €500 million six-year term loan as an accordion facility under its existing Senior Facilities Agreement. Allwyn will use the proceeds to finance its planned investment in Instant Win Gaming, announced in February 2024, to repay outstanding indebtedness, and for general corporate purposes. The syndicate includes existing and new lenders.

The liabilities under the Accordion Facility will rank pari passu with the existing debt of the Company and Allwyn Entertainment Financing (UK) plc, under the existing intercreditor agreement.

Concurrent with signing the Accordion Facility, the Company is cancelling £188.8 million of undrawn commitments under a £380.0 million multi-purpose facility available under the Senior Facilities Agreement.

Kenneth Morton, Allwyn CFO, said:

“This transaction will support the continued execution of our organic and inorganic growth strategies as well as optimising our cost of capital. I am grateful to our existing lending partners for their continued support and pleased to welcome several new banks to the group.”

UniCredit acted as Global Coordinator. Clifford Chance acted as Allwyn’s legal advisor and Allen & Overy as lenders’ counsel.

About Allwyn

Allwyn is a leading multi-national lottery operator. Allwyn builds better lotteries that return more to good causes by focusing on innovation, technology, efficiency and safety across a growing casual gaming entertainment portfolio. The lottery-first approach of focusing on affordable recreational play has earned Allwyn leading market positions with trusted brands in Austria, the Czech Republic, Greece, Cyprus, Italy, the United Kingdom, and the United States (Illinois).

SOURCE: Allwyn AG.