Lenders under the Senior Facilities Agreement have committed to provide funding to Allwyn International a.s. (“Allwyn International”) in an aggregate amount of €1.6bn equivalent split across €441m of amortizing term loans due 2027, €441m of bullet term loans due 2028, a €300m revolving credit facility due 2027 and a £380m multipurpose facility available to be drawn as guarantees or term loans maturing in 2027.

Allwyn International will use the proceeds primarily to (i) refinance existing indebtedness including its €623m syndicated loan (including the €243m revolving credit facility), its £380m bank guarantee facility, and up to €300m of other indebtedness, (ii) provide term financing for up front costs ahead of the start of the UK’s Fourth National Licence in February 2024, and (iii) fund its general corporate purposes including shareholder distributions and acquisitions.

The liabilities under the Senior Facilities Agreement will rank pari passu with the existing debt of Allwyn International and Allwyn Entertainment Financing (UK) plc under the existing intercreditor agreement.

Kenneth Morton, Allwyn CFO, commented:

“I am very pleased by the level of interest that the transaction received despite the challenging capital market environment – all our existing banks have increased their commitments and we are happy to welcome several new lenders into our banking group.

“This financing significantly extends our maturity profile, provides us with a flexible financing solution for the up-front costs of the UK National Lottery license and generates additional liquidity to support our further growth and resilience.

“Following our successful issuance of €600m of bonds earlier in the year, this transaction is a further testament to the strength of the Allwyn credit - as demonstrated by our continued strong financial performance - and our consistent delivery on our organic and inorganic growth strategies.”

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 global 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 across Europe in Austria, Czech Republic, Greece and Cyprus, and Italy. Following a successful tender process earlier this year, Allwyn is set to become the operator of the UK National Lottery from February 2024.

Forward-Looking Statements

This announcement may include forward-looking statements regarding certain of our plans and our current goals, intentions, beliefs and expectations concerning, among other things, our future results of operation, financial condition, liquidity, prospects, growth, strategies, pending acquisitions or other transactions, financing plans and the industries in which we operate. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as “may,” “could,” “should,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “assume,” “believe,” “plan,” “seek,” “continue,” “target,” “goal,” “would” or their negative variations or similar expressions identify forward-looking statements. By their nature, forward-looking statements are inherently subject to risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that Allwyn’s actual results of operations, financial condition and liquidity and the development of the industries in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if our results of operations, financial condition and liquidity and the development of the industries in which we operate are consistent with the forward-looking statements contained in this document, those past results or developments may not be indicative of results or developments in future periods.

We do not undertake any obligation to review, update or confirm expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events that occur or circumstances that arise after the date of this document.