Allwyn announces €335m accordion loan facilities
LUCERNE, Switzerland and LONDON, United Kingdom – 01 March 2023 – Allwyn, Europe’s leading lottery operator, has entered into €335m of accordion loan facilities with a syndicate of international banks.
A group of lenders has committed to provide Allwyn International a.s. (“Allwyn International“) €335m of 6 year term loans as accordion facilities under Allwyn International’s existing senior facilities agreement.
Allwyn International will use the proceeds to finance the acquisition of the Camelot Lottery Solutions group of companies 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 Allwyn International and Allwyn Entertainment Financing (UK) plc under the existing intercreditor agreement.
Kenneth Morton, CFO of Allwyn, commented:
“This transaction will help us continue to grow our business, building on our successful €1.6bn syndicated bank financing in November 2022. I am grateful to our existing lending partners for their continued support and pleased to welcome the new banks to the group.”
UniCredit acted as Global Coordinator. Clifford Chance acted as Allwyn’s legal counsel and Allen & Overy as lenders’ legal counsel.
ENDS
Investor inquiries
Media inquiries
Kerry Parkin, Allwyn
Paul Durman, Brunswick
pdurman@brunswickgroup.com or: +44 7793 522824
Nick Cosgrove, Brunswick
ncosgrove@brunswickgroup.com or: +44 7974 982306
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, Italy and the United Kingdom.
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.
